First order effects of inventions are easy to predict but secondary, tertiary, and n+1 effects are very hard. That’s almost laughable to say about a sector like AI where new research / startups / demos / regulations / firings / resignations / fundings are happening at light speed. Like literally there’s something mind-blowing that happens every wee... See more

The most important essay I read in the last month is by Lant Pritchett. He asks why the scarcest economic resources—entrepreneurial ability and technical talent—are going into automating an abundant resource: cheap labor. In the developed world, labor is expensive because of policy restrictions, and it is neither efficient nor equitable to use scar... See more