10 Monday AM Reads
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My back-to-work morning reads: • Is the AI Capex Bubble About to Burst?
What 250 Years of Market History Tell Us. The spending on artificial
intelligence...
8 hours ago
Relatively uninhibited philosophizings on self and kosmos whenever the mood strikes...
"The way the right wants to tell the story — and, I’m afraid, the way it will play in November — is that the Obama team went all out for Keynesian policies, and they failed. So back to supply-side economics!
The point, of course, is that that is not at all what happened. A straight Keynesian analysis implied the need for a much bigger program, more oriented toward spending, than the administration proposed."