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If You Are Thinking of Writing a Contract By Yourself with ChatGPT…

Please don't. At least not for anything important. ChatGPT or other large language models (LLMs) do not understand what they are writing. They only string words together, one after another, based on probabilities derived from their dataset. This allows them to do remarkable things, and they are getting better all the time, but LLMs are … Continue reading If You Are Thinking of Writing a Contract By Yourself with ChatGPT…

Expensive debt should be fixable

Our economy relies on people spending beyond their means. If Americans as a whole suddenly discovered Dave Ramsey and began reducing our spending on non-essentials and paying down our debts, entire sectors of the economy would be wiped out, sending the country into a paralyzing recession. Perversely, individual prudence would lead to general calamity. On … Continue reading Expensive debt should be fixable

Is Slower Money Better?

Today, our investments are generally more liquid than ever before. Retail investors with 401(k) accounts or even their own accounts on Robinhood or other brokerage platforms can purchase investments from across the world, in every industry. And we can rapidly sell off investments that we no longer like and move our money somewhere else. This … Continue reading Is Slower Money Better?

Compliance Should be part of Product Design, not an afterthought

When you have an exciting idea for a new product, it's easy to view compliance as a hinderance. You don't want the government telling you what to do! You want to move fast, break stuff, and do cool things! Perhaps the most brazen example of this ethos was in the crypto space, where companies openly … Continue reading Compliance Should be part of Product Design, not an afterthought