The fire is lit. Happy weekend everyone. image
As someone who's been fortunate to use Waymo regularly for 2+ years, I almost never take human operated transport anymore, unless forced to. On a trip this week I took two Ubers and a Taxi, and moderately feared for my life on all three trips. Strung-out gig-economy workers are just not in a great place right now. Humans, even on a good day are unpredictable and generally bad drivers. When I realize most people on earth are still somewhat frightened- fascinated by driverless taxis makes me think how early we are in their adoption. I'm having a hard time imagining I'll ever go back.
With all this buzz swirling around Ezra Klein's new book 'Abundance', I'd really love to see a debate between him and @Jeff Booth some day. Below is a decent summary (ChatGPT) that captures the differing perspectives on what might lead to a more abundant world. Who should host that debate? image
As someone with a science and engineering background, I always find it kind of amusing that in the financial world, there's all this talk about 'liquidity'. One of those terms that doesn't really exist in the physical world at all. Nobody can really even define it much better than 'the amount of monetary units sloshing around' at any given time. 🤷‍♂️ I think more in terms of viscosity: the resistance to change in a liquid, or internal friction. That sends you down a fun rabbit hole of Newtonian and non-Newtonian fluids that behave differently based on external stressors. Bitcoin is kind of non-Newtonian in a sense, but it's not a perfect analogy. The hilarious part is that if you google what liquidity is in scientific terms, all the top hits are economics sites that are quite confident that there's a definition in physics. I have yet to easily find one in a physics text. 😂 image