Status Updates From Boom: Bubbles and the End o...

Bitcoin!!!

Up to p.187, Boom argues stagnation isn’t a lack of ideas but a lack of mission-scale building. It contrasts two bubbles: (1) financial manias (tulips) where prices outrun reality; (2) “hidden” bubbles like Apollo/Manhattan/corporate R&D—overfunded by normal ROI, yet they leave durable spillovers. Moore’s Law is the flywheel: missions pull compute forward; cheaper compute enables the next mission.

I got confused about some of the material on interest rates, as well as the section on Christianity. But, interest rates and Christianity are both common causes of confusion for me!