Agent Economics (The Agents Season, Episode 10)

What if building more highways made your commute *slower*? That's the paradox at the heart of AI agent economics: even as per-token inference costs have plummeted dramatically over the past two years, total LLM spending keeps climbing. Drawing on a surprising lesson from Robert Moses's mid-century New York infrastructure projects, this episode unpacks why cheaper compute doesn't necessarily mean cheaper AI — and what's really driving the economics of running agents at scale.