Kudzai hits the 🎯
*When buyers can “afford” higher prices through longer terms, sellers capture that affordability through higher asking prices. Housing costs don’t drop; they rise to meet the new credit limit.*
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In the U.S. we’ve monetized healthcare, the White House, and the pardon process. However, these are dwarfed by the opportunity to monetize the less developed prefrontal cortex of a young man. Once Polymarket starts expanding in the U.S., more Americans will be swept up by the wave. Not because everyone will be in Vegas, but because Vegas will be in everyone. If policymakers aren’t motivated by the threat to Americans’ finances and mental health, they should worry about the risk of foreign governments using the platforms to influence elections and public perception.
Scott Galloway
*Interest is the natural growth rate of fiat. The extra money to pay the interest does not exist yet → it must be created by someone else taking on new debt. This is exponential decay, it is exponential because a percentage, no matter what the percentage is, is added every year to service the debt.*
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*history tells us something uncomfortable: new financial tools do not tend to shift power very well, but consolidate it. And the direction of that shift rarely matches early optimism*
"When did the Bank of England last meet its 2% inflation target?"
Perplexity: The Bank of England last met its 2% inflation target in September 2024. Since then, inflation has mostly remained above this target, with recent rates around 3.6% to 3.8% in late 2025. The Bank expects inflation to return to 2% at some point in 2026 or later, but as of now, it has not sustained the 2% target since September 2024.
*The real proof of work is the successful mapping of heat (Boltzmann entropy) into structured, conserved information (Shannon entropy) via satoshis*
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*When a miner finally lands on a valid header, something deeper than “a hash was found” occurs. The entropy invested into the search (the heat dissipated/probabilistic work performed) collapses into the exact informational structure written inside the block*
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*The Treasury is reporting that federal debt outstanding has passed $38 trillion. That is a factual, albeit headline-worthy stimulus to public concern. But what gets far less attention is the underlying accounting architecture.
The current federal “debt” figure is almost entirely a cash/modified cash-basis number. It doesn’t fully reflect many longer-term liabilities (pensions, retiree health benefits, unfunded mandates) in the same way that a GAAP-prepared corporation or a sound provincial or state government would present.
There is virtually no requirement at the federal level for the government to produce a comprehensive accrual-based balance sheet that shows all assets, all liabilities, and the resulting net position (equity).*
The $38 trillion national debt 'milestone' and the accounting mirage | Fortune
