CAPITOL TIMES MEDIA

By Scott Shields – Contributing Writer – Capitol Times Media - From Conversations and Material of Zhu Weisha. Learn more about Zhu Weisha here at Capitol Times Media's July Magazine Issue Relying on Verifiable Thinking A car with no steering wheel and no brake pedal pulls up in front of you. The car company tells you it is safe. Engineers tell you it has undergone extensive testing. Regulators have their own safety standards. The question is: you do not understand autonomous

By Scott Shields – Contributing Writer – Capitol Times Media - From Conversations and Material of Zhu Weisha. Learn more about Zhu Weisha here at Capitol Times Media's July Magazine Issue The U.S. Digital Asset Market Clarity Act (CLARITY Act) has recently produced a phenomenon worth studying. On July 17, 2025, the House of Representatives passed the bill by 294 votes to 134, with 78 Democrats voting in favor. After more than a year of negotiations in the Senate, Senators Cyn

By Scott Shields – Contributing Writer – Capitol Times Media - From Conversations and Material of Zhu Weisha. Learn more about Zhu Weisha here at Capitol Times Media's July Magazine Issue A Review of From - Traditional Regulation to Verifiable Regulation From Traditional Regulation to Verifiable Regulation appears to be about how the U.S. Securities and Exchange Commission should respond to AI and crypto. At a deeper level, however, it asks a larger question: under what techn

By Scott Shields – Contributing Writer – Capitol Times Media - From Conversations and Material of Zhu Weisha. Learn more about Zhu Weisha here at Capitol Times Media's July Magazine Issue A recent Morgan Stanley report on roughly $40 trillion in U.S. federal debt revived an old question: Is the United States issuing too much debt? The question looks simple, but it is difficult to answer. It took the United States roughly 240 years, from its founding to around 2016, for federa

By Scott Shields – Contributing Writer – Capitol Times Media - From Conversations and Material of Zhu Weisha. Learn more about Zhu Weisha here at Capitol Times Media's July Magazine Issue A Commentary on How Should Auditing Work in the AI Era? The most noteworthy feature of How Should Auditing Work in the AI Era? is not the number of AI audit tools it proposes, but the way it reframes the question. Most discussions of AI and auditing naturally focus on efficiency: Can machine

By Scott Shields – Contributing Writer – Capitol Times Media - From Conversations and Material of Zhu Weisha. Learn more about Zhu Weisha here at Capitol Times Media's July Magazine Issue A Review of Who Rates the Rating Agencies? Who Rates the Rating Agencies? is, on the surface, about credit ratings. Look more closely, however, and it reaches a larger question: in the age of AI, what gives us reason to trust an institution, a company, or even a person who makes public judgm

By Scott Shields – Contributing Writer – Capitol Times Media - From Conversations and Material of Zhu Weisha. Learn more about Zhu Weisha here at Capitol Times Media's July Magazine Issue A Testable Baseline for the Warsh Fed’s Reaction Function From America’s AA+ to a Verifiable Credit Market in the Age of AI In 2011, Standard & Poor’s removed the United States from the AAA sovereign rating it had long held. In 2023, Fitch also downgraded the United States from AAA to AA+. I

By Scott Shields – Contributing Writer – Capitol Times Media - From Conversations and Material of Zhu Weisha. Learn more about Zhu Weisha here at Capitol Times Media's July Magazine Issue A Testable Baseline for the Warsh Fed’s Reaction Function Baseline Date: September 1, 2026 If Kevin Warsh’s Jackson Hole speech, “In Our Time,” is read merely as a hawkish signal, its most important dimension is missed. “In Our Time” places financial innovation, artificial intelligence, prod

By Scott Shields – Contributing Writer – Capitol Times Media - From Conversations and Material of Zhu Weisha. Learn more about Zhu Weisha here at Capitol Times Media's July Magazine Issue From Verifiable Finance to Verification-Based Credit: Why Everything Changes When the Mode of Credit Changes. Can We Anticipate Warsh? appears at first to be an essay about Kevin Warsh and the Federal Reserve. Its more important subject, however, is the methodology of prediction itself. Most

By Scott Shields – Contributing Writer – Capitol Times Media - From Conversations and Material of Zhu Weisha. Learn more about Zhu Weisha here at Capitol Times Media's July Magazine Issue From Verifiable Finance to Verification-Based Credit: Why Everything Changes When the Mode of Credit Changes. Overview Chapter 5 articulates a fundamental thesis: when the mode by which credit is generating change, the foundations of modern society, finance, law, regulation, corporate govern

By Scott Shields – Contributing Writer – Capitol Times Media - From Conversations and Material of Zhu Weisha. Learn more about Zhu Weisha here at Capitol Times Media's July Magazine Issue Weisha Zhu, Scott Shields August 27, 2026 A recent Morgan Stanley report on roughly $40 trillion in U.S. federal debt revived an old question: Is the United States issuing too much debt? The question looks simple, but it is difficult to answer. It took the United States roughly 240 years, fr

By Scott Shields – Contributing Writer – Capitol Times Media - From Conversations and Material of Zhu Weisha. Learn more about Zhu Weisha here at Capitol Times Media's July Magazine Issue The New Requirements for Economists in the AI Era From the Revaluation of Productivity to the New Knowledge Structure of AI+Crypto Introduction: Why New Facts Require New Theory New facts do not automatically produce new theory. Theorists must enter the technological and institutional field

By Scott Shields – Contributing Writer – Capitol Times Media - From Conversations and Material of Zhu Weisha. Learn more about Zhu Weisha here at Capitol Times Media's July Magazine Issue What Really Matters Is Not Fees or Transaction Volume, but Economic Dependency, Trust, and Non-Substitutability For years, people have tried to explain ETH’s value using fees, TVL, transaction count, staking, token burn, monetary premium and Layer 2 activity. These metrics are useful, but th

By Scott Shields – Contributing Writer – Capitol Times Media From Conversations and Material of Zhu Weisha. Learn more about Zhu Weisha here at Capitol Times Media's July Magazine Issue Old Theories Cannot Explain the New World: From the Industrial Revolution to the AI+Crypto Revolution The Wealth of Nations Explains the Source of Wealth; Verifiable Thinking Explains the Source of Credit The Central Analogy When we discuss AI, Crypto, stablecoins, Bitcoin, and financial regul

By Scott Shields – Contributing Writer – Capitol Times Media – From Conversations and Material of Zhu Weisha. Learn more about Zhu Weisha here at Capitol Times Media’s July Magazine Issue. “From Double-Entry Accounting To Verifiable Finance” From Trust Without Verification to Trust After Verification Human society cannot function without trust. Yet as we enter the age of artificial intelligence and digital finance, the very foundation of trust is undergoing a profound transfo

By Scott Shields – Contributing Writer – Capitol Times Media – From Conversations and Material of Zhu Weisha. Learn more about Zhu Weisha here at Capitol Times Media’s July Magazine Issue. “From Double-Entry Accounting To Verifiable Finance” In a World of Information Explosion, Verification Is More Important Than Belief The Core Question In the AI+Crypto era, why has verification not yet become the underlying habit of social judgment? Despite dramatic increases in information

From Verifiable Facts to Responsible Judgment A Summation By Scott Shields – Contributing Writer – Capitol Times Media – From Conversations and Material of Zhu Weisha. Learn more about Zhu Weisha here at Capitol Times Media’s July Magazine Issue. “From Double-Entry Accounting To Verifiable Finance” Rebuilding the Foundations of Trust in the Age of AI As artificial intelligence dramatically expands humanity's capacity to produce information, analysis, judgment, and action, a f