Jordan MacLeod (@newcurrency) header
Jordan MacLeod (@newcurrency) profile picture

Author of New Currency: How Money Changes The World As We Know It. Automaticity in monetary policy: achieving Friedman's Optimum without deflation. Sculptor 🌱

Joined April 2009
Photo by Jordan MacLeod (@newcurrency)Photo by Jordan MacLeod (@newcurrency)Photo by Jordan MacLeod (@newcurrency)Photo by Jordan MacLeod (@newcurrency)Photo by Jordan MacLeod (@newcurrency)Photo by Jordan MacLeod (@newcurrency)Photo by Jordan MacLeod (@newcurrency)Photo by Jordan MacLeod (@newcurrency)Photo by Jordan MacLeod (@newcurrency)Photo by Jordan MacLeod (@newcurrency)
In 1969, Milton Friedman proposed what became known as the "Friedman Rule" - a monetary policy where nominal interest rates should be set to zero, eliminating the opportunity cost of holding money and optimizing monetary efficiency. 🧵 1/15
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Jordan MacLeod retweeted
NASA's released view of Mars' night sky (4K resolution)
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"The natural grooves of our profession have very much been bent toward more narrow technical expertise than a bigger vision. AI allows us an amazing opportunity to broaden ourselves. ... The difference in reaction between the optimists and the pessimists is that, for the pessimists, the game is over. For the optimists, the game has just changed." terrytao.wordpress.com/2026/…
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Jordan MacLeod retweeted
Well said: My unwavering optimism in the future of the discipline is firmly rooted in the return to grand visions, following in the footsteps of Hilbert, von Neumann, and even Leibniz
"The natural grooves of our profession have very much been bent toward more narrow technical expertise than a bigger vision. AI allows us an amazing opportunity to broaden ourselves. ... The difference in reaction between the optimists and the pessimists is that, for the pessimists, the game is over. For the optimists, the game has just changed." terrytao.wordpress.com/2026/…
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Jordan MacLeod retweeted
Alex Karp says the US-China AI race is proving both countries' stereotypes wrong "If people look at China, it turns out, I'm obviously on our side completely. But I have a 13-14 year history of becoming a very high level practitioner of one of the great treasures of Chinese culture, Chen Tai Chi, with a master who worked with the Grandmaster." "The caricature of America and China is Americans are swashbuckling creative cowboys, execution is not maybe the best, but they invent things no one else could invent." "The caricature of China would be it's the highest IQ scale population in the world, but it's not creative." "The interesting thing about the AI revolution is these caricatures are not actually playing out. The Chinese reaction to us is much more creative." "It's not like we're the only creative people here. If you see what they've done with their models, that's creative. That's actually one of the things I've been most impressed by."
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Jordan MacLeod retweeted
Writing this in my personal capacity, but I have been flying these types of aircraft for more than 20 years, with over 8,000 hours, and have reasonable familiarity with how the charter world operates. I feel compelled to post after seeing commentary about the Lear 60 crash, from missile strikes to DEI to critiquing this poor woman’s final radio calls. That last part is what I find most troubling. She was the second-in-command (SIC), and while she was empowered to point out mistakes as part of good crew resource management, she was doing her job, communicating with ATC right to the end in a terrifying situation. She likely knew before many of those calls that she was going to die. I have heard final calls from friends, from military pilots with thousands of hours in fighter aircraft, and they are just as heartbreaking because they know the end is approaching. I understand the public interest given the footage and audio. But you do not know the aircraft’s maintenance history, whether there was a structural failure, if any failure was induced by turbulence, overspeed, or overcontrol, or everything happening in that cockpit. I am sure weather will be part of the investigation, but beyond that, it is speculation. The charter industry routinely hires commercial pilots very early in their careers to gain experience alongside an ATP-qualified captain before they move up to the airlines. She would still have the appropriate training, qualifications, and checkouts by an FAA examiner or designee. Let people investigate, learn, and share the facts. Be respectful to those who perished and the families who carry their memories. God bless them and their loved ones.
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Today Physical Superintelligence PBC is announcing solutions to five long-standing problems in quantum information theory. psi.inc/research/oqp-batch-2… Thread 👇
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Jordan MacLeod retweeted
Villanova basketball players give Pope Leo XIV a golden basketball which the Pope starts playing with, before joking “where’s the hoop?”
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Jordan MacLeod retweeted
Slavery was an evil in which people from every continent and region participated. We should be honest about the whole history, not select the parts that are politically convenient today, especially given Britain's leading role in ending the transatlantic slave trade. If Caribbean countries are asking Britain for a formal apology for Britain’s role in the transatlantic slave trade, will they also be asking the same of the descendants of African kingdoms, rulers and merchants who captured, sold and profited from the trade? On demands for reparations, whether through cash or debt relief, we have been down this track before. Twenty-five years ago, Jubilee 2000, Drop the Debt and Make Poverty History argued that cancelling the debts of poorer countries would give them a fresh start. More than $100 billion of debt was eventually written off, but many of those countries have since built up even bigger debts. Labour are already spending too much on Britain's welfare state, now is not the time for Andy Burnham to be providing global welfare. There is no reason British taxpayers today should be held financially responsible for things that happened generations before any of us were born. And I have even less patience for political elites in commonwealth countries who don’t know how to make their own citizens prosperous now looking for another opportunity to blame Britain. As Prime Minister, Andy Burnham should be Britain’s greatest defender. Instead, he is writing articles saying we need to confront our history (as if we haven't done enough of that) and considering another formal historical apology. Tony Blair already expressed Britain’s deep sorrow and regret for our role in the slave trade nearly twenty years ago. There is no need to do so again. This is all another navel-gazing distraction. The Commonwealth should be looking forward, not endlessly backwards. That means economic partnerships to make us all richer and deeper military and security cooperation against common threats. If every Commonwealth summit becomes an exercise in presenting Britain with demands for cash then we need to start asking if it is worth the effort.
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Prince Albert apologised for slavery back in 1840 in a speech at an international anti-slavery meeting in London. 186 years ago… Perhaps the Prime Minister would do better to focus on the 50 million people enslaved TODAY - four times the number transported throughout 300 years of transatlantic slavery.
🚨 NEW: Andy Burnham says he’s open to Britain formally apologising for its role in transatlantic slave trade He also hopes to restructure debt for the poorest Commonwealth countries “I want to express my sorrow and regret”
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Jordan MacLeod retweeted
Our second product is called Blindsight and it will, as the name suggests, enable even those who are completely blind or have never seen to see. It is ready from an engineering standpoint. Just waiting on regulatory approval.
Neuralink’s first product is called Telepathy. It enables high-speed communication with computers or humans simply by thinking. Output bandwidth will vastly exceed the fastest human speech or typing in a few years. Read that sentence again.
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Jordan MacLeod retweeted
FC Augsburg believes it's quite terrible to have 17 other Bundesliga clubs sitting on a bunch of the league's limited supply of points.
OpenAI CEO Sam Altman believes people owning RAM is wasteful, and that it belongs in data centers instead. "From a global allocation perspective, actually, it’s quite terrible to have everyone have a bunch of the world’s limited supply of DRAM sitting in their own computer."
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Marc Andreessen: "Europe seems enthusiastic about being left behind... 25 years ago, if you did a list of the 50 biggest tech companies in the world, a pretty significant number of them were European... probably 15 of the top 50. Today, you're basically down to Spotify. I love Spotify, but that's not what the European tech sector used to be. They have sort of deliberately disarmed and turned away from technology and progress and capitalism in really profound ways for decades now." @pmarca speaking to @JTLonsdale and @uaustinorg
This is eye-opening. Europe’s share of global tech R&D has collapsed from 23% in 2005 to just 8% today, while the US has climbed to 62% and China has risen from near zero to 15%. South Korea now outspends Germany, France, the UK, and Italy combined in tech R&D. Yep, you read that right. This is the predictable result of policy choices that systematically favor control and redistribution over growth. Layered regulation, data rules, AI restrictions, labor rigidities, and precautionary frameworks, raises the cost and slows the pace of turning ideas into products, forcing companies to spend scarce resources on compliance rather than experimentation. High taxation and expansive redistributive systems extract capital that would otherwise fund private R&D and risk-taking, while shrinking the after-tax reward for building something new and scaling it. The broader left-leaning mindset that prioritizes equality of outcome over dynamism treats entrepreneurial success as something to be managed, taxed, or shared rather than unleashed and rewarded. Places that protect the returns to innovation and keep barriers low continue to pull ahead, attracting talent and capital that Europe increasingly loses. Europe’s relative decline is the cumulative outcome of treating dynamism as a problem to be regulated rather than the engine of prosperity. Without a shift toward lighter rules, lower burdens on enterprise, and greater tolerance for unequal outcomes from unequal effort, the gap will keep widening, and Europe will become an open-air museum for wealthy Americans and Asians.
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Not only is the Universe stranger than we think, it is stranger than we can think. — Werner Heisenberg
The worst prediction in the history of science is off by a factor of 1 followed by 120 zeros, and it is about empty space. Physicists have no idea why the vacuum weighs almost nothing, yet not quite nothing. Let me explain how crazy this is 🧵
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Jordan MacLeod retweeted
My latest opinion piece in the @FT. As AI transformation accelerates, I do foresee company hierarchies being rewritten. White-collar workers and middle managers who can neither work effectively with AI nor with people will face the greatest risk of displacement. More in chapter 8 of my new book AI Native "The Rise of the AI Native DRI" ainativebook.com/
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I believe, based on my own teaching experience, that far from being snowflakes, this generation is thirsty for rigor, hungry for the classics, and eager to be held to high standards. Adults have impoverished their intellectual life and given them participation trophies in the misguided belief that pandering is a form of support.
“It’s the only class I took at Harvard where people would call each other out for not having done the reading.” Harvard students are lining up to take Hum 10: “Applications (essays required) shot up 40% this fall with 180 incoming freshmen vying for 90 spots.” “The class is definitely not for padding the GPA. Students read a hefty book a week and write regular essays. There is no pass/fail option. Digital devices are verboten, and attendance is taken in every lecture (pink slips for those who arrive late).” “In their applications and in interviews, students expressed the urge to be forced to tackle classics they otherwise wouldn’t read, the need to combat frayed attention spans and the desire for an antidote to The Machine. Several mentioned with disdain that people who aren’t in the class wondered why they didn’t ‘just Chat the books,’ i.e., use AI.”
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The Riemann Hypothesis is the most famous unsolved problem in mathematics, and it is a claim about where the primes hide. A $1 million prize has waited for the answer since 2000. Computers have checked more than 10 trillion cases and found no exception. Let me explain it so even non-mathematicians get the "wow" moment. 🧵
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Putting it together. Primes look like they appear at random. Euler found them hiding inside a sum of fractions. Riemann pushed that sum further and found a list of zeros. Those zeros rebuild the primes, and they space out like the energy levels of a heavy atom. All 10 trillion zeros checked sit on one straight line. If every zero does, the prime count never strays far from the smooth guess. Nobody has proved it, and nobody knows why the physics matches. One unproved claim may connect counting, waves and atoms. That is why mathematicians have chased it for more than 160 years.
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Many of you don't understand how serious this is, so let me break it down. In computer science there is a famous kind of puzzle called 3-SAT. You are given a long list of yes-or-no switches and a set of rules about how they must be arranged, and you have to find a combination that satisfies every rule. The obvious way to solve it is to try every combination, but each new switch doubles the number of possibilities, so a puzzle with a few hundred switches would take longer than the age of the universe to brute force. For decades, the smartest people in the field found clever tricks that made this a little faster, but every trick still hit the same wall: the time required kept exploding as the puzzle grew. About 25 years ago, two computer scientists, Russell Impagliazzo and Ramamohan Paturi, working with Francis Zane, turned that wall into a formal idea. They proposed the Exponential Time Hypothesis, which says this explosion is not a failure of human cleverness but a law of nature. No algorithm, however brilliant, will ever solve 3-SAT without the time blowing up exponentially. Nobody could prove it, but almost everyone believed it, and it became one of the foundations of modern computer science. Researchers used it as a measuring stick. If you could show that solving some other problem quickly would also crack 3-SAT quickly, you had shown that problem was hopelessly hard too. Hundreds of papers, across scheduling, graphs, logic and much more, rest on this one assumption. Now an internal AI model at OpenAI claims to have broken it. It says it found an algorithm that solves these puzzles meaningfully faster than the hypothesis allows, and it has checked the proof in a computer verification system called Lean. And here is the remarkable part: the very people who proposed the hypothesis, Impagliazzo and Paturi, along with MIT's Ryan Williams, are now leading the public review of whether a machine has disproved their own idea. So what happens next? If the disproof holds, a large part of theoretical computer science has to be revisited. Every result that said "this problem cannot be solved faster, assuming ETH" loses its foundation, and researchers will have to work out which of those walls were real and which were simply where we stopped looking. It does not mean everything becomes easy. The new algorithm is still slow in absolute terms and this is not the famous P versus NP problem being solved. But it means our map of what is possible was wrong in a place we were very confident about, and it was an AI that redrew it. If the disproof fails, the hypothesis survives and the field breathes out, but we will still have watched an AI produce serious, checkable work on one of the deepest questions in the discipline, closely enough that the founders of the idea had to take it seriously. Either way, something has shifted.
An internal model at OpenAI has produced a claimed refutation of ETH! Russell Impagliazzo, Mohan Paturi, and I have been asked to help organize an open and independent examination of this claim. 1/4
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The time is now to formalize all mathematics teapawt.org/jdlichtman/status/2097…
The largest math proof in human history is now computer-verified. Today, Axiom announces a complete Lean auto-formalization of the Classification of Finite Simple Groups, the "periodic table of symmetry." About 15,000 pages, built by over 100 mathematicians across generations.
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Replying to @statmanstunner
finally it's not just us Spurs fan who knows he's the best in the world.
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