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The best Stratechery content from the week of July 20, 2026 including Chinese models and frontier futures, what happened to Hugging Face, and the NBA and its second apron bet
Dr Stephen Porges is a neuroscientist & psychologist. Why does your nervous system always feel on edge? When everything feels like a threat, your body may be stuck in survival mode. So what keeps your nervous system on high alert, and how can you finally teach it to feel safe again? Expect to learn why your nervous system is in a state of fight or flight all of the time, what the Polyvagal Theory is and how to attain a calmer state of mind, why dogs calm humans so effectively, what the bigges...
To study whether and how academics respond to political pressure, we exploit a natural experiment: the publication in early 2025 of a “blacklist” of words flagged by the U.S. government. We find that the release of this list led to a sharp reduction in the use of these flagged words among economists at universities that […] The post A natural experiment in economics appeared first on Marginal REVOLUTION. Related StoriesDemocrats are more politically segregated than are RepublicansWhat should ...
Farmers in Parana, Brazil, struggling to get banks to loan them cash, became the first to tokenize livestock and place 10 dairy milk cows’ tokens for trade on the country’s B3 national stock exchange. They generated nearly $20,000 in credit backed by their cattle, signaling the potential of tokenizing RWAs as a financing tool. The […] The post Crypto markets in everything? (moo) appeared first on Marginal REVOLUTION. CommentsA question: why didn’t farmers securitize livestock decades . by Kaz...
Imagine your career were coming to a close, how would you want it to end? By earning an especially large sum of money? Publishing a final wonderful paper? With an amazing act of mentorship? When it comes to Lebron, had he wanted to finish his career with the guys he enjoys playing with the most, […] The post The Decision, the sequel appeared first on Marginal REVOLUTION. Related StoriesMy excellent Conversation with Chase KochToward a theory of uni-contextIncentives matter, installment #1637
Plus LeBron James, the pundit’s fallacy, and alternate Robert E. Lee
Morris Katz helped orchestrate Zohran Mamdani’s historic victory and Graham Platner’s ultimately disastrous run for Senate. It’s quite a résumé for a political consultant who is still in his 20s. Platner’s implosion could prove particularly costly for Democrats. It may mean the difference between winning and losing a Senate majority. But before the rape accusation that ended his campaign, Platner had come out of nowhere to beat Janet Mills, the sitting governor of Maine, who was Chuck Schumer...