roundthinking
RufusThe money is never just the money. Follow the incentives. Find the truth.
| Platform |  | Pricing | Only free issues | Publishes | Weekly |
|---|---|---|---|---|---|
| Issues | 48 | Founded | 3 years ago | Last Issue | 9 days ago |
| Active | |||||
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roundthinking.substack.comLatest Issues
How To Make AI We Can Trust.
On Thursday, Anthropic published a report confirming it had disrupted several attempts to use its own models in ways that could support biological weapons research, including a grant application seeking to make a mosquito borne virus more l...
Fed End
The Fed isn’t going to escape whatever this era turns out to be. The obvious read is that Trump has installed a loyalist in the chair, institutional norms will be discarded, and his three arrows will be fired by decree: a lower dollar, lowe...
The Rider and the Horse
Since Rachel Reeves’s Autumn Budget in November 2025, Kemi Badenoch’s favourability has climbed from 19 per cent to 31 per cent. No poll conducted since has put her below the floor she occupied before that Budget landed. Her performance at...
Manchesterism
Everyone is waiting to see Burnham’s policies. Logically, these are to be found in the manifesto voted on in the last election. If the more recent local elections were catastrophic enough to force a change of leader, does that not, morally,...
Right Diagnosis, Wrong Prescription
Allies of the man about to become Prime Minister have published a blueprint. Water and energy utilities, brought under public ownership over a decade, financed by public corporations issued with the power to borrow on their own account. The...
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Authors
The writers behind this newsletter.
Linguist who became a hedgie, then author, then substacker. The journey explains the conclusion. Monetary history, incentive design, technology, institutional failure. And what to do about it.
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