Another Merry Week
OpenAI and Anthropic are both readying mighty IPOs of their own, hoping to scoop up billions so they may go on pouring money into an almost miraculous technology of uncertain value.
Commentary
I ❤ Inflation
“I love it. The numbers were great. You know what I really love? I love the inflation.”
Like stimulating an old mule
What may be approaching is not just a stock market correction…but a correction of the entire capital structure…not to mention the empire that heaved it up. This could be a serious reckoning.
Conquest, Loot, and Tribute
US power rests on a pedestal of dollars. As the world’s reserve currency, this funny money made it possible for the US to spend more than it could afford — year after year.
The Case for Killing Granny
The Eskimos famously dealt with the old people problem by putting their elders out on the ice. It relieved the community of the burden of caring for them.
Welcome to the Golden Age
AOC. Mamdani. Talarico. Platner. Communist, socialist, progressive…and who knows what.
