Entrepreneur
Each firm that swaps a paycheck for a server keeps the savings and spreads the lost spending across everyone. That is a tragedy of the commons, and the commons is aggregate demand. … readThe Automation Tragedy: How the Free Market Is Overgrazing Aggregate Demand
AI is bought like capital but does the work of labor. Stiglitz, Korinek and Acemoglu agree that strains the models economics runs on, and disagree sharply about whether it breaks them. … readCapital That Clocks In: Why Economists Say AI Won’t Stay in the Capital Box
Britain’s empire did not fall to a rival. It fell to compound interest, and the dollar happened to be standing nearby. America has now crossed the same line — and this time nobody is standing nearby, which is the more dangerous fact. … readThe Crown Nobody Wants
The full paper. Labor replacement is the calculator stage of AI. The deeper transformation begins when prediction becomes cheap enough to redesign vehicles, cities, and supply chains — and new categories appear. … readAfter Prediction: How Cheap AI Creates Categories That Could Not Exist Before
The zero-cost prediction curve After Prediction AI’s real power is