
Author of Money: The True Story of a Made-Up Thing. Formerly @planetmoney. Now I host What's Your Problem and Business History.
Joined September 2008
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My book comes out today!
Please buy one or more copies!
(Also, please RT)
Here's a preview of the book, along with links to buy it:
hachettebooks.com/titles/jac…
Jacob Goldstein retweeted
When even the guy who once worked at Enron says WTF...
Billions of dollars’ worth of contracts predicting oil would fall and the S&P 500 would rise were placed about 15 minutes before Trump announced a U-turn on Iran in a post on Truth Social. CFTC staff began to investigate-- then were told to lay off. bloomberg.com/news/features/…
Jacob Goldstein retweeted
I signed the "pacing letter" about slowing the rate of AI capabilities development because we either have reached or soon will reach the point where human experts cannot make robust assurances that frontier AI systems won't do dangerous and unpredictable things. AI systems are becoming smarter than the best humans in some areas, and, almost by definition, it's very hard to predict what something smarter than you will do.
There's no sense racing into an outcome where smarter-than-human AIs are doing unpredictable things, indeed it would be insane. What exactly is "winning" in this context? Am I supposed to be jealous that some other country will build more machines it can't control quicker than America? "Race" was always a bad metaphor for this enterprise anyway, dramatically understating the stakes at play.
It is time to bring the "race" era of AI development to a close. It'd be great for the government to be a partner in this next phase of AI development, when concentrated efforts on alignment, interpretability, security, monitoring, and the like will be necessary. Diplomacy will also be necessary here given that the large negative externalities that could be associated with one country racing ahead will be felt globally.
Maybe it's just my own personal experience, but I've felt AI policy get much more petty and tribal this year. Things have felt more personal, more bitter, meaner. I hope we can rise above that stuff. This really is much more serious than all those shrill little quarrels.
Jacob Goldstein retweeted
I found 29 Fortune 500 companies that relocated >200 miles and across state lines over the past decade:
13 moved from CA; 9 from Northeast
0 moved to West Coast or Northeast
59% moved to TX; 20% to Southeast; 10% to VA
19/29 moved from a state with an income tax to one without
Jacob Goldstein retweeted
Beethoven wanted to kill himself in his early 30s when he realized he was going to lose his hearing and that this would mean his career as a performer (which is how musicians made money) was finished. He wrote a letter to himself where he said, “no, I will go on for the sake of my art,” and then proceeded to write art that transformed music and routinely infuriated people. This is what I call alignment with the broader interests of humanity. If I had my way it would be mandatory to midtrain on that letter, which is called the heiligenstadt testament.
Jacob Goldstein retweeted
I put eight years of Fitbit data into Claude. It spent a couple of hours analyzing everything, looking for correlations, etc.
What it found:
When I stay up late, I don't get as much sleep
Jacob Goldstein retweeted
I am starting to think that people really liked income compression, as a good independent of absolute consumption, and that this is why people are confused about the evolution of the middle class. It's not that they have less, it's that they see other people getting way more.
Jacob Goldstein retweeted
One of the most important things to understand about the moment we are living in
🔥 from @every CEO @danshipper: Automation is a lie. Bots need people!
Jacob Goldstein retweeted
Particularly fun ep of the unfailingly enjoyable @pushkinpods Business History pcast @jacobgoldstein @radiosmith podcasts.apple.com/us/podcas… about commercial history of ... ice; Boston (& environs eg Fresh Pond) feature prominently...
@OnlyInBOS @adamjshay
The new @BenEvans AI Eats the World deck is fun and interesting as always.
But I have one tangential question that is not about AI.
Why did SKUs per supermarket fall sharply around 2008?
Jacob Goldstein retweeted
Just listening to @robertsmith and @jacobgoldstein on the #BusinessHistory podcast. Guys It honestly makes me ridiculously happy hearing you guys together again. 🥰
Why does the market @Kalshi say there's a 1 in 4 chance the US govt will confirm the existence of aliens THIS YEAR?
Jacob Goldstein retweeted
If you’re looking for a new listen, I’ve been enjoying the Business History podcast w/ @radiosmith @jacobgoldstein - keep up the great work, gents! podcasts.apple.com/us/podcas…
1/ New Business History with @karaswisher on the eternal quest to live eternally.
3 amazing moments:
Full ep includes Kara on @bryan_johnson, the real predictors of a long and happy life, and the best answers she's gotten to her favorite question: "How do you want to die?"
pushkin.fm/podcasts/business…















