The Institute for Regulatory Law & Economics Five Prisms:

"Contrary to the contemporary mythos, Austen’s novels aren’t about love, romance, and marriage, although plenty instances of all these fill the pages. No, Austen’s novels are about character." | @KSPrior in Dispatch Faith https://t.co/Av42EztYyz

Uber famously changes prices in response to demand, hiking prices when more people want the service. Who benefits? The consumer. Drivers lose out slightly compared to a world where Uber sets a uniform price. Total surplus goes up. We shouldn't be afraid of higher prices! 1/

I'm happy to announce that I am now a contributor to the Dispatch Energy newsletter at @thedispatch, and my first article there is about, you guessed it, the economics of data center energy use.

Brilliant Nobel lecture from Joel Mokyr, among the greatest of economic historians. On the interaction of science and technical knowledge, the bright prospects for the technological future, and the threat from xenophobia to the "mobility of upper tail human capital."

So after all these hours talking about AI, in these last five minutes I am going to talk about: Horses. Engines, steam engines, were invented in 1700. And what followed was 200 years of steady improvement, with engines getting 20% better a decade. For the first 120 years of

This is one of the cleverest stories in startups. For years we'd been worrying about how to finance the airliner. Then Boom realized that if they could build jet engines, they could build gas turbines, and fund the airliner with the profits.

A new product, a new customer, a new financing! Introducing Superpower: a 42MW natural gas turbine optimized for AI datacenters, built on our supersonic technology. Superpower launches with a 1.21GW order from @CrusoeAI Backstory 🧵👇

Speaking as a guy who spent 20 years building industrial cogeneration… plus ça change, plus c'est la même chose. Behind the fence clean energy ain’t new, nor are the utility objections.

Two great studies from @CamusEnergy and @rewiringamerica show how load flexibility and permanent demand reductions can contribute to grid reliability, lower costs, and create over 5 million jobs over the next 5 years! 1/2

In the past, child and elder care were “cheaper” because they were done for free by adults (usually women) with few good job options; today, because people are richer and have better opportunities in the labour market, the true cost of staying home to provide care has gone up.

Google’s reply comments on USDOE’s letter & ANOPR to @FERC on large load interconnection https://t.co/Ys6uB3FwBK

Excited to share significant new research on how large load flexibility can improve affordability, accelerate speed to power, and preserve reliability. This kind of work is exactly why I joined the team at @Google, which is proud to support experts like these at the frontier of

Great discussion with @ti_morse!

And here is the blog post with the data and download options. Please read, get angry, and share widely.

So well deserved! Even if just for the episodes on the death of Franz Ferdinand alone.

Enhanced geothermal is so exciting because the field has made great progress with only ~$1 billion invested to date, most by one company (Fervo). The opportunity is enormous as real capital arrives.

RIP the legendary Tom Stoppard. Among his more famous achievements, he radically rewrote Indiana Jones And The Last Crusade (under the pen-name Barry Watson), adding most of the thrilling beats and hilarious gags. One of my favourites: the cut to Brody, after being hyped up as

Here is why I’m worried about AI-driven labor disruption and why I think economists should fight for a seat at the policy table. TL;DR: AI is general purpose tech, disruption can happen at diff scale than before. Step back, let ‘er rip and analyze later may be disastrous. 1/n

This NYT article on the "golden age" of air travel is an amazing example of an unthinking journalist failing to make contact with reality. The narrative: air travel used to be much better, but less affordable. 1/

You've got to come to Thanksgiving dinner prepared to debate AI, and I'm doing my part to have you covered. @ENERGY has said "speed to power" in the AI industry is not happening as quickly as it should. I offer 3 reasons for why that might be. 1) uncertainty of demand: