Grilled Cheese

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Grilled Cheese is a product of Village Compute

Version devBuilt at: 2026-10-17 00:44:39 EDT

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A simple blue gradient graphic with centered white text joking that if Democrats flip the House and Senate, everyone will receive a $10,000 dividend, a pony, and free ice cream for life. There is a tiny icon in the bottom-right corner.
High-growth startups often lose money before they make it. This column examines whether differences in financing capacity are reflected in the cash flow and growth trajectories of startups in Sweden, where US and non-US venture capitalists invest in the same institutional environment. The authors find that US VC-backed Swedish startups experience deeper operating losses, receive more follow-on capital, and achieve higher subsequent sales. The test for the Scaleup Europe Fund, intended to support growth-stage investments of €100 million or more, is whether it mobilises additional private capital and provides credible continuity of finance, not simply whether it deploys its initial commitment.
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Global current account imbalances are widening again. This column argues that currency undervaluation, supported by reserve accumulation under capital controls, can permanently reshape industrial structure and raise manufacturing productivity. Panel evidence from 45 countries shows that this policy mix expands manufacturing employment, firm entry, and domestic sourcing of intermediate inputs. A model with firm dynamics and trade hysteresis explains why: sustained exchange rate policy can induce firm entry and exit, reallocating firms across countries and expanding the domestic capture of supply chains. The effect of the policy on the trading partner hinges on whether foreign firms are pushed to exit.
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"Feed the people & starve the empire" in black gothic type framing a decorative folk‑art floral panel on a textured blue background, a poster-style call to prioritize feeding communities over imperial power.
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A line chart shows the progression of the total fertility rate for two groups—high-income countries and low-income countries—from 1960 to 2023.
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A graph from the Kansas City Fed's Economic Bulletin shows the increase in income-based taxes as a percentage of total federal receipts and GDP from 1861 to 2011. It illustrates data on excise taxes, employment taxes, corporate income taxes, individual income taxes, tariff revenue, and total federal receipts.
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