A Letter From The Publisher

Dear Paid Subscribers:

In today’s exclusive post, I discuss the economics of the written word in the age of ChatGBT and the future of this publication.

Yesterday, August 24, 2026, a pound of coffee beans sold for $3.67 on the commodities markets. If I was a coffee farmer, I would need to produce coffee with aggregate costs as far below $3.67 as possible.

As to the quality of the beans, they need only meet the absolute minimum threshold necessary to be accepted by corporate wholesalers who will roast, grind, package, and market the beans to fill the 2¼ billion cups sold every day.

Let’s compare coffee beans to internet publications. In this analogy, the writers are the coffee farmers, AI is the corporate wholesalers, and the cups of coffee are internet content.

AI and Large Language Models (wholesalers) sell a product they have created by scraping …