Coase's Theory and AI's Effect

One of the richest men in the world quietly became the largest private owner of farmland in America. Why? Is Bill Gates retreating from technology? Or is he making the most important AI bet of all? In this episode, Cal reads from an article that reframes everything. Gates' farmland strategy isn't nostalgia. It's a blueprint for the next economy. AI will build the digital world for free. But every digital system still depends on something finite. Land. If you want to understand where the 21st-century fortunes will be made — and what that means for your future — this episode is for you.