Energy and compute are becoming GDP inputs. Growth has always been a story about people… How many of us are working, how productive we and how much borrowing gets done when those two run dry. That’s held for as long as anyone has measured an economy. We can't grow new people… that part is baked in already. But energy and compute are a different kind of problem. Push on them hard enough and the costs come down, which is exactly what's happened to solar. So GDP growth stops being hostage to how many of us there are, and starts riding on how cheap we can make power and how much intelligence we can pull out of a chip.(Raoul Pal)