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More Free Research
24
Jun
Thoughts from the Frontline
Social Insecurity, Surprise Edition
The Social Security Administration recently gave us their annual report with a few blockbuster footnotes. We all know that Social Security as it is currently constructed will run out of money in the early 2030s. Social Security's cost has exceeded its non-interest income since 2010. Since then, payments have been made out of the so-called trust fund. Except the trust fund does not hold cash. The money was borrowed by the rest of the federal government to cover other spending, and the government now owes it back.
19
Jun
The World Isn't Ending
5:21 PM: The Order That Disabled Anthropic’s AI Models
On Friday afternoon, the US government did something extraordinary: It issued an export control directive to suspend all access to Anthropic’s advanced Claude AI models, Fable 5 and Mythos 5, by any foreign national. This includes Anthropic’s foreign national employees.
18
Jun
17
Jun
Thoughts from the Frontline
The G-Shaped Economy
This week is the final recap of the 2026 Strategic Investment Conference. I have always done summaries of the SIC afterwards, but I don’t think I’ve ever taken four weeks, let alone five weeks to cover it. And I feel we have only scratched the surface. There was just a lot of good content this year. And so much has happened since early May.
12
Jun
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