Economics

The Visa Lottery Isn’t Protecting American Jobs. It’s Rigging the Market.

Politicians promise that restricting foreign labor protects American jobs. It’s a lie. The visa lottery doesn’t create domestic jobs; it merely shrinks the businesses that lose the random draw, handing market-dominating power to the lucky winners. Itโ€™s not immigration policyโ€”itโ€™s state-sponsored market consolidation.

Stop Telling Poor People to ‘Just Buy a Cheap Car’. It’s a Financial Trap.

We tell poor people to ‘just buy a cheap car.’ But a $1,000 beater comes with a $1,500 repair bill, and banks won’t underwrite the $3,000 loan that could actually buy reliability. Poverty isn’t just a lack of moneyโ€”it’s a punishing surcharge on survival. Here is why the used car market is a structural trap.

The West Is Killing Its Favorite Economist Because the Scoreboard Changed

Daron Acemoglu just won the Nobel Prize, yet The Economist just published a hit piece calling him unconvincing. Why? Because his theory that institutions thrive on economic performance was great when the West was winning. Now that China is catching up, that same logic indicts the West. It was never about truthโ€”it was about scorekeeping.

The AI Bubble Is a Lie. The Real Threat Is Compute Scarcity.

Everyone is whispering that the AI bubble is about to pop. But what if the real danger isn’t overinvestment, but a terrifying compute scarcity? With less than 10 million heavy users globally and a 9-month ROI on data centers, the market is misreading a famine for a flood. Here’s why token prices might actually explode.

You’re Not Worried Enough About AI. Here’s Why.

AI isn’t coming for your job because it’s smartโ€”it’s coming for it because it’s cheap. Every historical analogy about technological disruption fails because AI automates cognitive labor at a speed that outpaces societal adaptation. The real threat isn’t the technology; it’s the incentives of those deploying it. They’re optimizing for labor arbitrage, not a new middle class.

OpenAI’s Trillion-Dollar Problem Just Dropped for Pennies

While everyone obsesses over benchmark leadership, the real disruption in AI is unit economics. GLM-5.3-Flash proves that a cheaper, ‘good enough’ model can dominate the Pareto frontier. For OpenAI and Anthropic, this signals that trillion-dollar capex strategies might never pay back, regardless of who has the smartest model.