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Have Your Burrito And Eating It Too

The inflation discourse gets dumber, but there's an deeper insight
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Capital Intensity🤝Capital Light
What if everyone wins?
 • Moses Sternstein
Of Economic Regime Change, and Anti-tech Sentiment
Musing on the economic premium to efficiency, and the inverse correlate to politics
 • Moses Sternstein
Things Are Cheaper (If You Know Where to Look)
5 Idea Wednesday: deflation abounds; 'cheapest' model isn't the cheapest model; private credit's other problem child; China's beggar thy neighbor; Still…
 • Moses Sternstein
Of Burritos and the Price of Status
More data on consumption, and a theory of how things are
 • Moses Sternstein
Warsh Doesn’t Want to Be God King, But The Street Still Clamors For Signs and Omens
Thoughts on the new Fed Chair's first kerfuffle
 • Moses Sternstein
Open For Open Weight Business
The Open v. Closed "Debate" Is About Something Else
 • Moses Sternstein
An Epic Inversion
5 Idea Friday: unknowable future (even when you know it); American exceptionalism; healthcare fraud strikes again; Kimi-Kimi-Kimi; Slok goes Random Walk
 • Moses Sternstein
K-Shape *Poof*
Banks report, lower-income households on a tear, and (maybe) the Wealth Effect is realish
 • Moses Sternstein
The Shift from Token-Maxxing to Token-Optimizing is Good, Actually
That firms aren't maxxing frontier tokens is a good problem to have
 • Moses Sternstein
Random Walk
Random Walk
"A multidisciplinary cast of mind . . . with a yen for synthesis." - Charlie Munger (about himself, not Random Walk)
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