TFTC / Marty Bent

The Commoner

Truth for the Commoner, every weekday. Money, machines, and the people trying to control both.

Marty Bent's free weekday newsletter from TFTC, since 2017. Money, markets, AI, energy, and privacy.

Free, every weekday. Unsubscribe anytime using the link in each newsletter. By subscribing you agree to our Terms and acknowledge our Privacy Policy. Read recent issues.

The Commoner

Time Is a Flat Circle

Bill Gates is talking about the next catastrophe, and I feel like we're doing COVID all over again. The good news is that people are calling it out.

12 min read
Time Is a Flat Circle
The Commoner

The Oil Is Still Moving

John Arnold and I examine Venezuela's rising U.S. crude flows, dark Hormuz transits and how long America can absorb the fuel bill in its competition with China.

9 min read
Two workers on an oil refinery dock watch a tanker arrive in warm evening light.
The Commoner

You're Still Early

If you are putting AI to work in your business, you are still early. Plus deepfake calls, Trump on inflation and debt, and Ben Affleck on open models.

9 min read
You're Still Early
The Commoner

Let's Check Our Priors

A strong growth estimate deserves a closer look. Marty Bent checks the household credit data, bond yields and his own bearish priors, with bitcoin in view.

10 min read
Let's Check Our Priors
The Commoner

You Can't Print Abundance

We've run up more than $40 trillion in debt and are hoping AI will help us grow out of it. I'd rather fix the money than bet everything on threading that needle.

9 min read
You Can't Print Abundance
The Commoner

Keep It Simple, Stupid

I think people are dramatically undervaluing bitcoin. The more chaotic AI, geopolitics and government debt make the world, the more I want money whose rules I can verify.

9 min read
A vintage-style illustration of men comparing a simple balance scale with a tangle of complicated machinery.