Is There a Plan for AI Spam?
Plus! Regulatory Arbitrage; Tariffs; Moral Authorities; Talking the Book; Scale
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It's Not Just Hard to Measure AI's Consumer Surplus—We Can't Even Measure its GDP Impact
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Will Baby Bonds Make a Difference?
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What We'll Lose With AI
Read this article →Plus! Platforms and Reputation; General-Purpose Technologies; Court Politics; Post-Ozempic Snacking; The Next Phase of Crypto Treasury Strategies
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Longreads + Open Thread
Read this article →Chess, Stalin, Coal, Agency, Thesis Drift, Cyclicals, Oracle
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Figma: Saving the Best for Last
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McGraw-Hill's Quest for the Right Multiple
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In Defense of the Ad Economy
Read this article →Plus! Diff Jobs; Wage Elasticity; Coopetition; Capital Structure; Market Breadth; Playing Chicken
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Longreads + Open Thread
Read this article →Alpha School, Thiel, Reading, Cruise Ships, China, Dalio, AI, Genghis Khan
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How Much of the Economy Will be an AI Sandwich?
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Circle’s Complicated FX Trade
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Just-in-Time Food Trend Manufacturing
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