Latest / Systemic Error Podcast

Leaked report shows Trump admin knows of threat that may send 'shockwaves' through economy
Trump’s AI Subsidy State, Backed by Treasury’s Own Alarm BellsThe SetupThe reporting here is straightforward enough: the Trump administration is aggressively propping up generative AI, even as a leaked Treasury draft warns that the sector now sits deep inside the U.S. financial system and could rattle markets, credit, chips, utilities, and data-center financing if growth stumbles. Trump has blocked state-level regulation, launched an AI Action Plan, repealed Biden-era rules, and openly cheered the industry.Power Is Making the BetThis is not an accident, and it is not a market “trend”…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.