The Commodity Speaks

🫧 Open on Bubbles A seller-side report from the vote market. Yesterday’s essay reconstructed the vote market from its transaction records — responsiveness regressions, the forty-year evangelical purchase, the post-1998 European repricing. Transaction records have a blind spot: they show what cleared, not what it felt like to be the commodity. Between November 2025 and April 2026, Pew Research … Continue reading The Commodity Speaks