The Weekend Leverage, August 3rd
To be fair, there is no consensus on the veracity of Piketty’s R>G hypothesis…so not sure I’d make that the baseline thesis of your arguments.
Love your newsletter, to be clear. 👍🏻
Fair pushback! Like all large macro theories, I find it a useful framework, not a universal predictor (same with business strategy). I think the power laws dynamics of AI and the internet exaggerate these problems and are a clear case of R>G.
To be fair, there is no consensus on the veracity of Piketty’s R>G hypothesis…so not sure I’d make that the baseline thesis of your arguments.
Love your newsletter, to be clear. 👍🏻
Fair pushback! Like all large macro theories, I find it a useful framework, not a universal predictor (same with business strategy). I think the power laws dynamics of AI and the internet exaggerate these problems and are a clear case of R>G.