HeyJaredDavid H Levey
Economist; Studied at Chicago and Harvard; Country Risk Manager at Wells Fargo; Managing Director for Sovereign Ratings at Moody’s, where he led a team of analysts assessing the default risk of national governments.
- Indexed issues, last 90 days
- 11
- Latest publication
- Sep 30, 2026
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- Earliest in this view
- Jul 3, 2026
Latest issues
Politics and Economics Links (09/30/2026) -- Elite Theory; The Data Center Buildout; Labor's Share; Who Owns the Corporation? Has AI Impacted the Labor Market? Does AI Think? (opens the original)
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1) One of the chief rivals to Marxist class theory as an explanation for political rule has, since the late 19th century, been “elite theory,” which argues that, even in a nominally representative democracy, there is always a governing elite, but that the elite is not coextensive with the owners of capital. Political change generally takes place when pressure from below causes a fracture in the elite, where a rising fraction of the elite breaks away and leverages mass pressure to replace the exi
Monday Links (09/21/2026) -- Iran War; Socialism; U.S. Government Debt; Wealth Taxation (opens the original)
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1) Opinions on the Iran War have been strongly affected by whether the holders of those opinions are optimists or pessimists on the efficacy of the U.S. blockade/sanctions strategy. Notable among the optimists has been Robin Brooks while a number of the most prominent international relations scholars have been uniformly pessimistic, including Ivo Daalder, Phillips O’Brien, and Shankar Narayan. In this post, Ethan Kessler staged a simulated debate on Brooks’s position that the strategy has given
Links on Data Centers, New AI Models, and Alignment (09/08/2026) (opens the original)
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1) A local democratic-seeming political process that Michael Munger called “The NIMBY Prisoners’ Dilemma,” is holding back construction of new facilities in many domains, including housing, electricity generation, transportation, and now, data centers. The opposition to data centers is certainly in part a consequence of the general panic over AI, but also reflects the broader NIMBY phenomenon. Here’s his description of how it works in the case of proposed new housing:The process that generates t
AI Links (09/01/2026) -- The Compute Race; Data Centers in Space; The Dead Internet; Can Machines Judge? A Historical Comparison; The Meaning of the Hugging Face Incident (opens the original)
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1) Michael McNabb described how to properly measure total computing power in a world containing a wide variety of different chips created over several generations. The conclusion is striking and perhaps decisive for geopolitical rivalry. The U.S. has a commanding lead which is likely to grow:If compute becomes the principal input to economic output, a claim on compute is a claim on economic growth. Compute = GDP.The relationship between compute and economic product is visible in what AI is being
Global Economic Risks and Opportunities (08/22/2026) -- Debt Shenanigans; The Dollar Standard; Getting Hayek Wrong; Who Are the Wealthy? Luddism Again; AI Assessments (opens the original)
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Three major forces are going to determine the future of the world economy: a) The buildout and adoption of AI technology; b) The rapid expansion of government debt, the market response, and reform efforts; and c) The global decline in fertility and its effect on economic growth in many countries, especially China. Over the coming months, I will be looking for perspicuous articles and posts on these topics to send to you. First up, two comments on Treasury Secretary Bessent’s effort to influence
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