Full transcript on Substack.

How concentrated ownership and automated manipulation reshape democracy

The importance of Fed independence, sticky inflation, AI’s impact on entry-level work, and why she still leans modestly restrictive

Sports betting in the United States of America. Read the full piece here: https://kyla.substack.com/p/gamblemerica-how-sports-betting-apps

00:00 - Intro
00:36 - An Excerpt
02:42 - The United States of Gamblemerica
06:09 - In Dialogue with Jon
08:12 - The History of Sports Betting
13:55 - The State, The Platform, the Hen House
17:17 - The Dopamine Business Model
22:11 - The Language of Individual Responsibility
27:03 - The Human Cost
28:41 - What Comes After Sports Betting?
31:38 - How Do We Fix This?

Jon's Book: https://www.amazon.com/Losing-Big-Americas-Reckless-Gambling/dp/B0DGS6G35H

Nvidia just lost $600 billion in value in a single day—the largest single-stock drop in history—and all because of a Chinese AI startup called DeepSeek. But this isn’t just about Nvidia or AI. It’s about how America is battling its own assumptions about innovation, efficiency, and progress. In this video, I'll talk about (1) how DeepSeek built a groundbreaking AI model for just $6 million (2) why U.S. tech companies like Meta and OpenAI are spending billions—and if that’s sustainable (3) the impact of federal funding freezes and policy decisions on America’s innovation pipeline (4) why the U.S. might be stuck in a “cold war” with itself over how progress should look and (5) what this means for the future of AI, talent allocation, and global competition.

DeepSeek isn’t just disrupting the AI industry; it’s forcing us to ask some hard questions about how we measure success.

00:00 Intro
00:58 Our Broader Challenges
03:08 What Is DeepSeek?
05:00 How did they do it?
05:27 Innovation
08:40 The State of Tech
11:49 Financial Engineering
12:58 Talent
15:45 Final Thoughts

EIG paper: https://eig.org/exceptional-by-design/

Music Used
'Shadows and Dust' by Scott Buckley - released under CC-BY 4.0. www.scottbuckley.com.au 
'Nightfall' by Scott Buckley - released under CC-BY 4.0. www.scottbuckley.com.au 
'Incantation' by Scott Buckley - released under CC-BY 4.0. www.scottbuckley.com.au
'Shoulders Of Giants' by Scott Buckley - released under CC-BY 4.0. www.scottbuckley.com.au 
'Uprising' by Scott Buckley - released under CC-BY 4.0. www.scottbuckley.com.au 
'Anna's Theme' by Scott Buckley - released under CC-BY 4.0. www.scottbuckley.com.au
'Parasite' by Scott Buckley - released under CC-BY 4.0. www.scottbuckley.com.au 
'Shoulders Of Giants' by Scott Buckley - released under CC-BY 4.0. www.scottbuckley.com.au 

DISCLAIMER: This video does not provide investment or economic advice and is not professional advice (legal, accounting, tax).  The owner of this content is not an investment advisor.  Discussion of any securities, trading, or markets is incidental and solely for entertainment purposes.  Nothing herein shall constitute a recommendation, investment advice, or an opinion on suitability.  The information in this video is provided as of the date of its initial release.  The owner of this video expressly disclaims all representations or warranties of accuracy.  The owner of this video claims all intellectual property rights, including copyrights, of and related to, this video.

Full substack: https://kyla.substack.com/p/the-year-narrative-ate-reality

We talk about the concept of trust as a commodity and discuss how to invest when trust is scarce.

Spectra School: http://www.spectramarkets.com/school/
Hanks Video: https://www.youtube.com/watch?v=d8PndpFPL8g&t=40s
How Trump Won: https://kyla.substack.com/p/how-trump-won-what-happens-next-and

00:00 Introduction and Overview

00:24 Special Sponsor Segment

01:15 Current Global Events and Trust

02:40 Investing in Trust Portfolios

04:51 Framework for Evaluating Companies

06:34 The Cycle of Apathy and Trust

10:13 Rebuilding Trust: Individual and Societal Efforts

12:11 Actionable Takeaways for Investors

14:14 Conclusion and Final Thoughts

Disclaimer: This is not financial advice or a recommendation for any investment. The Content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice.

The economics of Thanksgiving and Black Friday!

00:00 Intro

00:29 Turkeys

01:25 Supply Chain 

03:18 The Sweet Potato Belt and Pumpkin Capital

04:34 Black Friday

04:59 The Impact of Smartphones on Shopping

05:34 Game Theory and Price Tracking

06:37 The Future of Black Friday

08:34 Conclusion

Sources

https://www.youtube.com/watch?v=jjcjvNvvGLc

https://www.youtube.com/watch?v=bN7mG9srVh4 

https://www.youtube.com/watch?v=Qsnck0LV8w4

https://www.youtube.com/watch?v=_4h-W6cHWj8

https://www.youtube.com/watch?v=lL2-HOzByBY 

https://www.youtube.com/watch?v=nk2MBd5hmHQ

📚 Want to learn more? Check out:

Newsletter: kyla.substack.com

Book: "In This Economy?"

Podcast: Let's Appreciate

🔗 Follow for daily economic insights:

TikTok: @kylascan

Instagram: @kylascan

LinkedIn: @kylascan

DISCLAIMER: This video does not provide investment or economic advice and is not professional advice (legal, accounting, tax).  The owner of this content is not an investment advisor.  Discussion of any securities, trading, or markets is incidental and solely for entertainment purposes.  Nothing herein shall constitute a recommendation, investment advice, or an opinion on suitability.  The information in this video is provided as of the date of its initial release.  The owner of this video expressly disclaims all representations or warranties of accuracy.  The owner of this video claims all intellectual property rights, including copyrights, of and related to, this video.

What even are tariffs

00:00 Tariffs
01:45 History
02:40 Why does Trump Like Them?
05:02 Market Response
09:30 The Economic Impact

📚 Want to learn more? Check out:
Newsletter: kyla.substack.com
Book: "In This Economy?"
Podcast: Let's Appreciate

🔗 Follow for daily economic insights:
TikTok: @kylascan
Instagram: @kylascan
LinkedIn: @kylascan

DISCLAIMER: This video does not provide investment or economic advice and is not professional advice (legal, accounting, tax).  The owner of this content is not an investment advisor.  Discussion of any securities, trading, or markets is incidental and solely for entertainment purposes.  Nothing herein shall constitute a recommendation, investment advice, or an opinion on suitability.  The information in this video is provided as of the date of its initial release.  The owner of this video expressly disclaims all representations or warranties of accuracy.  The owner of this video claims all intellectual property rights, including copyrights, of and related to, this video.

I had questions. A lot of them. So I sat down with someone who might have answers - Mary Daly, President and CEO of the San Francisco Fed. She's one of the people actually making the decisions that affect your money. 
Five big things I wanted to understand: 

Why everything still feels so expensive 
What's really happening with jobs 
Why Wall Street and Main Street feel like different planets 
How the Fed makes these massive decisions 
Whether they can actually fix this

00:00 Intro
02:10 Some History
07:30 Price Stability 
10:33 The Fed Test
11:05 The Price Problem
18:47 The Labor Market
22:52 The Path Forward

Sources
https://www.youtube.com/watch?v=laSqNpmCeQk 
https://www.youtube.com/watch?v=SxTnOWDw31s
https://www.youtube.com/watch?v=mL-OaWx9LrM
https://www.youtube.com/watch?v=wLyh5fSTLLw
https://www.youtube.com/watch?v=M7nj2X-yl_U&t=12s
https://www.youtube.com/watch?v=rVDE5Q74EhM&t=253s
https://www.youtube.com/watch?v=512mhHUoJgk
https://www.youtube.com/watch?v=jheesQ8ot3g
https://www.youtube.com/watch?v=8b03af6b670
https://www.youtube.com/watch?v=dTivWJvGYtI
https://www.youtube.com/watch?v=kuNCfkDtPNk

📚 Want to learn more? Check out:
Newsletter: kyla.substack.com
Book: "In This Economy?"
Podcast: Let's Appreciate

🔗 Follow for daily economic insights:
TikTok: @kylascan
Instagram: @kylascan
LinkedIn: @kylascan

DISCLAIMER: This video does not provide investment or economic advice and is not professional advice (legal, accounting, tax).  The owner of this content is not an investment advisor.  Discussion of any securities, trading, or markets is incidental and solely for entertainment purposes.  Nothing herein shall constitute a recommendation, investment advice, or an opinion on suitability.  The information in this video is provided as of the date of its initial release.  The owner of this video expressly disclaims all representations or warranties of accuracy.  The owner of this video claims all intellectual property rights, including copyrights, of and related to, this video.