AI, Veblen goods, and M&A fees
If good-enough investment-banking advice becomes cheap and ubiquitous through AI, the premium on the prestige alternative goes up, not down.
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The American Plan and the 2026 Elections
Woody Guthrie proudly sang “This land is your land, this land is my land / From California to the New York island,” but, in fact, the conversion of vast public resources and wealth to private property is...