Bubbling with fresh ideas on the world's economy.
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We are witnessing an extraordinary battle between the light and the dark. Books are being beheaded by guillotine so that LLMs can learn faster. Ink is being replaced by light and pixels. This changes the human condition and constitutes a humanitarian crisis. By killing the books, we implicitly confirm that we believe it’s smart to trade serendipity for predictability. But the best things in human…
The world has been obsessed with the FIFA World Cup. It's a doorway into a larger question about how we align ourselves. We used to rely on firms and states to align us into groups and teams. Now AI is empowering the solopreneur and causing a leap in S Corp registrations. Here I draw upon Coase (1937), Barnard (1938), Drucker (1950s), Malmgren (1961), and Karp (2026). Find out why friction now…
(Continued from Intelligent Money: Inflation, Marks & Spencer, and Time). A human-centered economy is now unfolding thanks to technology and AI. But instead of shining the spotlight on corporations, we must now learn to shine it on humans.
(Continued from Intelligent Monetary Policy: Greenspan and the End of Forward Guidance. A fateful dinner party in 1931 has immense relevence for us today as we power into a world where money IS intelligence. Technology is forcing us to face a fundamental, structural question: What is the purpose of an economy? It is meant to meet at least our basic human needs, but it should also be able to meet…
The man who invented Forward Guidance is with us no more, Alan Greenspan. But, the world had changed. We are no longer using technology just to make corporations more profitable. We are using autonomous efficiency to make human survival more effortless. When money prices itself perfectly, and resource allocation is liberated from political grift and human ego, the true "dividend" of automation is…
The point of the digital dragnet Warsh is helping to put in place is to break open the black boxes that plague the nation's balance sheet. So, meet the new Fed Chairman. It's not Warsh. It's math. Warsh is there to issue pink slips to political appointees and secret agents, both of whom are being replaced by AI agents and digital rails that make kleptocracy impossible.
Following two recent podcast recordings, one for ZeroHedge with Jim Bianco and Erik Townsend, and another for MacroVoices, it has become glaringly obvious to me that observers are failing to grasp the sheer magnitude of the regime change at the Federal Reserve. It's about replacing political appointees and secret agents with AI agents. It's about a digital dragnet that can end kleptocracy…
The Hug is underway. The whole Middle East may finally unite under the Abraham Accords, which means a deal on a two-state solution. Iran's leaders are edging toward a deal. There is a harbinger that the N and S Korea Armistice will be lifted (a hug). The US and China are collaborating on Taiwan and tech, and Cuba and Venezuela are shaking hands with the US. A peace dividend is unfolding. Get ready…
I’ve just sent out a piece called The Hug and the Circumpunct: The US, China, and Russia. I wrote it on the back of speeches I gave to HSBC in China and to a group called CEO in Washington, DC, as well as from conversations with Chinese and American business leaders and policymakers.
The US and China have just entered a new era of cooperation. We are witnessing the same sort of hug that brought together Nixon, Brezhnev, Reagan, and Gorbachev. We all need to watch for what now crosses the invisible bridge that hug created between the two sacred centers in Beijing and Washington DC. Will it be business and brands, or missiles and malice? Bitcoin or Bunker Busters? Read here to…
