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Tyler Cowen has a nice essay up at The American Interest on an Export-Oriented America. He offers us three reasons to be optimistic about the US export future: artificial intelligence, shale oil and gas, and a rising Asian Middle Class. I think he more or less nails the last two, what I refer as the Exxon and Apple economies, respectively.

The lessons from an infant industry, including the power of cooperation and importance of regulating with a light touch

Increased levels of connectivity are rendering economic rules obsolete.

"Britain plans to make it easier for technology firms to list their shares in London, the government said on Thursday, in an attempt to stem the flow of high-growth companies heading across the Atlantic in search of capital." Interesting. Countries in a competition to keep their tech wizards at home. But how important are stock markets for innovation? And nation-states? Don't think too fast stocks and nation-states are something of the past... 

I can take a photo of a check and deposit it in my bank account, then turn around and find a new book through a Twitter link and buy it, all while being surveilled by a drone in Afghanistan and keeping track of how many steps I've walked. The question is, as it has always been: now what?

"The upshot of all this is that it's not going to take much to procure a drone and do anything you want with it. And if you try to outlaw them, then, well, only the outlaws (and government) will have drones." Exactly.