Kyla Scanlon
Economic commentator and author of In This Economy?; writes and posts about how money and markets work.
Kyla Scanlon did not write this page.
We collected these quotes from things they published elsewhere, and every quote links to where it was said. They have no account here and have not endorsed this site. Quotes are word for word; the short line under each one is our own restatement, not their wording. Their own site. Is this you? Claim it or ask us to remove it. Or tell us what is wrong here.
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Our reading
What people expect to happen to prices can become what happens, so inflation expectations matter.
Their wordswhat people expect to happen can be what happens, which is why it's important to discuss people as a part of this triangle
↗The Shrugflation Triangle: How AI, Oil, and Treasuries are Impacting the Economykyla.substack.com 1st of 3 in this piece
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Their wordsThis is not an economy for workers. This is an economy for capital owners.
↗The Shrugflation Triangle: How AI, Oil, and Treasuries are Impacting the Economykyla.substack.com 2nd of 3 in this piece
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Our reading
The fight over AI and jobs so far is about who gets paid for the work, not whether there is work.
Their wordsSo the fight so far isn't really about if there is work but rather, who gets paid for that work.
↗The Shrugflation Triangle: How AI, Oil, and Treasuries are Impacting the Economykyla.substack.com 3rd of 3 in this piece
- 2 months earlier
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Their wordsThe economy increasingly rewards ownership over effort, which has created some... problems.
↗How to Get Rich in Americakyla.substack.com 1st of 3 in this piece
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Their wordsThis is prospect theory at a generational scale: when normal life pulls out of reach, lottery-like bets (crypto, meme stocks, options trading, Gary Vee NFTs) start looking pretty rational.
↗How to Get Rich in Americakyla.substack.com 2nd of 3 in this piece
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Their wordshigh home prices ensure retirement, which means that home prices, functionally, can never go down
↗How to Get Rich in Americakyla.substack.com 3rd of 3 in this piece
- 3 months earlier
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Their wordsThinking of a job as a bundle of tasks, the dimensionality, is a very useful rule of thumb because it gives you a good sense of how at-risk a chosen job might be.
↗Is AI Going to Destroy Our Lives or Not?kyla.substack.com 1st of 3 in this piece
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Their wordsThose seem to be the pillars of strength in the AI age: being able to evaluate, having some element of taste, holding accountability, building out networks, and the capacity to deliver a human touch in an increasingly automated world.
↗Is AI Going to Destroy Our Lives or Not?kyla.substack.com 2nd of 3 in this piece
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Their wordsThe costs land on individuals for a very long time. The economy will adjust in the long-run, but the adjustment period can still suck.
↗Is AI Going to Destroy Our Lives or Not?kyla.substack.com 3rd of 3 in this piece
- 2 months earlier
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Their wordsI think it is functionally a response to financial nihilism, where people stop believing that the underlying economy is working for them and turn to gambling or some other seemingly quick fix instead to try and find stability.
↗The Ozempicization of the Economykyla.substack.com 1st of 3 in this piece
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Their wordsThe optimization economy can't deliver control, because the desperation is the market condition, and the pursuit of control through optimization is itself a loss of control.
↗The Ozempicization of the Economykyla.substack.com 2nd of 3 in this piece
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Their wordsThe reason we can't solve our problems is not lack of tools or information - it's that the dominant method (add, optimize, measure) is the wrong method for the problem (figure out what's poisoning you.)
↗The Ozempicization of the Economykyla.substack.com 3rd of 3 in this piece
- 6 weeks earlier
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Their wordsSpeculation (sports betting, crypto, prediction markets, all of the above) and nostalgia are two sides of the same coin. One future-facing, one backwards-looking.
↗Buying Futures, Renting the Past: How Speculation and Nostalgia Became the Economykyla.substack.com 1st of 2 in this piece
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Their wordsIt's less about whether not AI is real and here and more about whether or not the capital cycle is sustainable.
↗Buying Futures, Renting the Past: How Speculation and Nostalgia Became the Economykyla.substack.com 2nd of 2 in this piece
- 3 weeks earlier
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Their wordsNostalgia works as content but it certainly fails as governance.
↗The Great Entertainmentkyla.substack.com 1st of 3 in this piece
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Their wordsAnd the only thing that is governing the administration right now and keeping falsehoods in check is the market. Forget about Congress or the Supreme Court, bond traders are the most important government entity we have.
↗The Great Entertainmentkyla.substack.com 2nd of 3 in this piece
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Our reading
The AI race is really about energy: having the best AI matters little without a grid to power it.
Their wordsit's important to understand what the AI race is actually about, which is energy. It fundamentally 100% does not matter who has the best AI girlfriend/boyfriend if they do not have a grid to support it.
↗The Great Entertainmentkyla.substack.com 3rd of 3 in this piece