wrote a book called "in this economy?" | chair of the federal reserve | writing and youtube @ http://kyla.substack.com
HOW TO GET RICH IN AMERICA In today's piece, I wrote about what happens when owning things is rewarded over doing things, the generational divides it creates, the casino economy that emerges from it, specifically the yolofolio, and how it's changing the way we think about work.
THE CRISIS BEHIND THE HOUSING CRISIS
In today's NYT piece, I wrote about how the housing fight is both about housing *and* retirement. We made the house do two jobs at once, and it's pitting the old against the young.
Is AI Going to Destroy Us or Not? New essay compiling some of the great research around AI and the labor market, the whole token-maxxing thing, who gets to be wealthy in the age of AI, what a job means in a time of enormous change, and what to do about all of it. Enjoy!
Why is the stock market shrugging off... everything? Well, maybe it's betting that AI will save it and that the government won't let AI fail. Call it the AI put. My new piece in NYT Opinion on the market's reliance on getting rescued:
www.nytimes.com/2026/04/18/o...
enjoy!!!!! kyla.substack.com/p/the-ozempi...
We've built an entire economy around selling people the feeling of control through bets, hacks, subscriptions, and optimization. But the model only works if people stay desperate. New essay on control and agency, financial nihilism, belief markets, the manosphere, and spectacle during war.
March 29: events.ticketleap.com/tickets/lais...
April 19: www.axs.com/events/12907...
April 20: artsandculture.cabq.gov/13522/13523
Some exciting public events over the next few weeks!! Come hang out if you can! 🙂 March 29th, Los Angeles: with Kai Ryssdal and David Brancaccio at the Aratani Theater April 19th, Boulder CO: with Planet Money at Boulder Theater April 20th, Albuequerque, New Mexico: with Planet Money Links ⬇️
New NYT Opinion from me: America’s debt math only works if the rest of the world believes in the US… but they’re starting not to. What does that mean for our future (and for all this debt)? www.nytimes.com/2026/03/12/o...
Betting on Jesus returning by 2027 and the Backstreet Boys singing about crypto are kind of the same thing. Speculation and nostalgia are both exit strategies from the present, and neither provides answers. New piece on what happens when the economy grows without… people.
HOW BETTING BECAME POLITICAL INFRASTRUCTURE In today's New York Times piece, I wrote about how prediction markets validate political events before Congress can respond, and how those market outcomes can end up deciding what's legitimate.
Audio version open.spotify.com/episode/2mGf...
New piece attempting to synthesize the past few weeks: media logic, market structure, geopolitical trust, and lessons from history. The bond market, the Fed, Japan, AI hype vs. energy reality, and what happens when the infrastructure that made the show possible starts changing channels.
Transcript: kyla.substack.com/p/san-franci...
NEW INTERVIEW I sat down with San Francisco Fed President Mary Daly and Richmond Fed President Tom Barkin to talk about what really matters in 2026. Are we headed for the 1970s or the 1990s? Why does the economy keep not breaking? And why should we count cranes?
