https://www.peytondeshazo.com/ Independent writing on AI, technology, operations, and the economics behind the systems we build. en-US Fri, 31 Jul 2026 00:00:00 GMT https://www.peytondeshazo.com/writing/ai-capital-trap/ https://www.peytondeshazo.com/writing/ai-capital-trap/ AI economics Fri, 31 Jul 2026 00:00:00 GMT Why a transformative technology can still produce one of the largest capital-destruction cycles in modern financial history.