Joseph Politano
Writer of Apricitas Economics; data-driven analysis of economics, business, finance and public policy.
Joseph Politano did not write this page.
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Their wordsIt's telling that Anthropic, the most prominent AI lab, has basically never bothered with image, video, or music generation, because the prospective economic benefits are marginal when compared to using AI to tackle math or scientific problems.
↗AI and the Fall? of the Creative Classapricitas.io 1st of 3 in this piece
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Our reading
The primary impact of AI-generated art will be cultural and societal rather than macroeconomic.
Their wordsIn other words, the primary impacts of AI art will be on culture and society rather than the macroeconomy.
↗AI and the Fall? of the Creative Classapricitas.io 2nd of 3 in this piece
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Their wordsYet if the economic impact of AI ends up being anywhere near large enough to validate the trillions of dollars investors are currently betting on it, these economic disruptions will only spread from here.
↗AI and the Fall? of the Creative Classapricitas.io 3rd of 3 in this piece
- 5 months earlier
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Their wordsSolar and batteries are growing at a record pace throughout nearly the entire globe, increasingly winning on cost and accessibility in the US and in places as politically and economically disparate as Pakistan or Germany.
↗America's Electricity Gapapricitas.io 1st of 3 in this piece
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Their wordsThis variability makes short and long-duration batteries an obvious and necessary complement to solar panels.
↗America's Electricity Gapapricitas.io 2nd of 3 in this piece
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Their wordsIt is not a coincidence that some of America's fastest-growing state economies, like Texas, are also among the fastest deployers of solar and batteries. They aren't doing it primarily for climate or ideological reasons, but because it's the easiest way to close their electricity gap and power economic growth.
↗America's Electricity Gapapricitas.io 3rd of 3 in this piece
- 8 weeks earlier
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Their wordsTaiwan needs to maintain this "silicon shield" of high-end chip manufacturing to counter geopolitical threats-as long as the PRC is dependent on Taiwan's semiconductors, it is much less likely to attack the island, and as long as the US is dependent, it is much more likely to rush to Taiwan's aid.
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Their wordsThe massive success of TSMC reinforces the island's two-track economy, where chipworkers prosper and the rest of the economy muddles along.
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Their wordsA cheap currency makes it harder for consumers to afford imports, especially food and energy, which are largely produced off the island.
- 12 days earlier
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Their wordsmanufactured products tend to experience rapid price deflation, so a 2% growth rate is 3-4% above normal levels.
↗The Supreme Court Ruled Against Trump's Tariffs. Now What?apricitas.io 1st of 2 in this piece
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Our reading
American consumers, not foreign exporters, bear the vast majority of the cost of tariffs.
Their wordsAmericans, not foreigners, and American consumers especially, have been paying the vast majority of the tariffs.
↗The Supreme Court Ruled Against Trump's Tariffs. Now What?apricitas.io 2nd of 2 in this piece
- 11 days earlier
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Their wordsAmerica is making a globally and historically unprecedented bet on the success of Artificial Intelligence.
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Their wordsthese investments have to pay off both as useful productivity tools for end users and a positive use of expensive compute for infrastructure providers if they hope to accelerate American growth.
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Their wordsEven if the technology succeeds, losing companies-whether they be Microsoft, Google, or Anthropic-could be burned if their customers end up moving en masse to superior models developed by their competitors.
- 3 weeks earlier
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Their wordsThe supposed "hundreds of billions in fraud" in those major spending programs were never found because fraud is nowhere near that common, contrary to the claims that Musk continues to make.
↗The Economic Legacy of DOGEapricitas.io 1st of 3 in this piece
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Their wordsthe heavy cuts to the extremely small share of the budget spent on effective international aid programs will harm long-run global economic growth.
↗The Economic Legacy of DOGEapricitas.io 2nd of 3 in this piece
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Their wordsIRS employees raise revenue via increased enforcement by amounts that far exceed their salaries.
↗The Economic Legacy of DOGEapricitas.io 3rd of 3 in this piece
- 9 days earlier
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Their wordsToday's labor market is perhaps most reminiscent of the "jobless recovery" that characterized the early 1990s or mid-2000s, where employment rates remained stagnant even as overall economic growth had already rebounded.
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Their wordsThis leaves the labor market on an uneasy precipice, since employment will begin to decline outright unless hiring rates pick up in the near future.
- 5 days earlier
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Their wordsTariffs are hurting blue-collar employment by raising the costs of manufacturing inputs.
↗America is Losing Blue Collar Jobsapricitas.io 1st of 2 in this piece
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Our reading
Immigration enforcement raids disproportionately reduce employment in the construction sector.
Their wordsImmigration raids are disproportionately hurting the construction sector.
↗America is Losing Blue Collar Jobsapricitas.io 2nd of 2 in this piece