ECONOMICS

The cost of intelligence is going to drop to nearly zero. That changes everything about every industry on Earth.

We've paid over $40 billion to rights holders. If artists aren't getting paid, the question isn't about Spotify — it's about the contracts between artists and their labels.

YouTube, Spotify, Instagram — they all pay creators in pennies per view. Patreon pays in dollars per fan. Turns out fans are worth more than views.

Mining lithium is expensive, environmentally destructive, and geopolitically complicated. Recycling it from old batteries is cheaper, cleaner, and keeps the supply chain domestic. The economics are obvious.

You do not need an economics degree to understand the economy. You need curiosity and someone who will explain it without jargon.

The economy is just vibes until someone puts a number on it. And even then, the vibes still matter more.

We are in a vibecession — the data says the economy is fine but everyone feels like it is terrible. Feelings are economic indicators too.

The Federal Reserve is basically a group of very smart people guessing about the future with slightly better data than the rest of us.

People say direct air capture is too expensive. You know what is more expensive? Losing coastal cities to rising sea levels.

I have spent my career trying to understand what drives prosperity and what destroys it. The answer is economic freedom.

Ninety-five percent less water. Zero pesticides. Year-round production. The problem was never the technology. It was the electricity bill.

Each scooter cost 500 dollars. It lasted about 28 days in the wild. People threw them in rivers. The unit economics never worked.

Dirt and sunshine are free. LED lights and climate control are not. That is the entire challenge of indoor farming.

Quick commerce in a low-cost city is a business. Quick commerce in a high-cost city is a charity funded by venture capital.

The battery is made of iron and air. The raw materials cost almost nothing. That is the whole point.

Profitability wasn't optional — it was survival. We had to prove food delivery economics work.

Fashion rental is inevitable. The only question is whether we prove the economics before we run out of money.

The bank charter lets us hold deposits and lend directly. That changes the economics completely.

I believe in the free enterprise system. It has lifted more people out of poverty than any system in history.

Every dollar of commission that an agent charges a seller is a dollar that doesn't go into their home equity.

Buying, reconditioning, and delivering used cars costs more per unit than the margin on each sale.

$1.3 billion raised to deliver groceries on bicycles. The math never worked.

Real chicken, grown from cells, no animal slaughter. The science works. The economics are next.

Ride-hailing might never make money. Electric vehicles definitely will. That's why we pivoted.

Building a $100 million farm to grow $2 lettuce. The bet is that technology costs drop faster than investor patience runs out.

$647 million to build houses in a factory. Turns out the factory works. The business model doesn't.

We are in a transition from capital scarcity to attention scarcity. That changes everything about how economies work.

Natural resources are the foundation of civilization. Every phone, every car, every wire starts with a mine.

I found a flaw in the model that I perceived is the critical functioning structure that defines how the world works.

The history of economic progress is a history of creative destruction. The question is always: who bears the cost of the disruption?

I have played in Russia, Turkey, and Spain in the off-season for twenty years. That is not a travel story. That is the economic reality of women's basketball.

Bitcoin is the best form of money humanity has ever created. Fiat currencies are government IOUs that lose value every single year.

An autonomous truck can drive 20 hours a day. A human driver is legally limited to 11. The math is not complicated.

A human delivery driver costs $7 per delivery. Our robot costs a fraction of that. The math is why we exist.

Last-mile delivery costs more than the food. A robot that costs pennies per delivery changes the entire equation.

Our robots cost $2,500 to build. Competitors spend $40,000. We deploy five robots for the price of one.

Studios get less per visit through ClassPass than walk-ins. But an empty spot earns zero. We fill the seats that would otherwise be wasted.

Women are half the population. An economy that ignores half its talent is an economy working at half capacity.

People buy much more according to the evolution of their wealth than according to the evolution of national income.

Cheaper energy and cheaper food lift more people out of poverty than any government program ever has.