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#economics

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video pub. Aug 3, 2026

Healthcare Triage (in partnership with AcademyHealth) breaks down why US health care spending, at about 18% of GDP and nearly double many peer countries, keeps rising: not one villain but a stack of higher prices, rising utilization of new treatments added on top of old ones, coverage gaps, administrative overhead, and underfunded chronic-disease prevention.

episode pub. Jun 22, 2026

Applies Jevons Paradox to AI inference โ€” per-token costs dropped 1000x since 2022 but total spend is up 10x because usage exploded. The key insight is that agent costs grow quadratically with turns, not linearly, because each step feeds the full conversation history back as context.

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