Economy

Economic news and global market trends

Saving for the machines

Saving for the machines

From Jesús Fernández-Villaverde: When machines can perform a growing share of tasks, growth depends on two margins: how the task structure affects the returns to accumulating machines, and how strongl...

October 20, 2026
Solving for the equilibrium?

Solving for the equilibrium?

Sixteen AI agents were each ha‍nded 1,000 satoshi⁠s of real b‌itcoin and told nothing about how to use​ it. A hund‍red rounds l‌at‍er⁠, four of them had roughly doubled⁠ th‍eir money, tw‍o h‌a‍d​ been...

October 17, 2026
Friday assorted links

Friday assorted links

1. Can Dybantsa (and others) turn around the Wizards? (NYT) 2. Claims about interpretability.  I have to say I do not quite “get it”…?  Here is some exposition. 3. “90% of Americans’ working hours are...

October 16, 2026
Why I do not use LLMs more

Why I do not use LLMs more

They are so very, very good at matching me to the books I wish to read and the music I wish to listen to.  In this odd sense they are not very sticky.  The LLMs are amazing, but the world is awesome t...

October 15, 2026