Sunday links: science denial

Fund managementIt's hard to overstate the impact of the indexing revolution. (bobpisani.substack.com)Will ETFs embrace perpetual futures? (etfcentral.com)NvidiaA look at Nvidia's ($NVDA) impressive recent earning report. (newsletter.fiscal.ai)Nvidia ($NVDA) is now worth more than 5 of 11 S&P sectors. (axios.com)Nvidia ($NVDA) is spending big on startups. (pitchbook.com)Prediction marketsFormer White House teleprompter operator ordered by CFTC to pay $172,000 for Kalshi trades on mention markets. (theblock.co)States are not backing down in the battle against prediction markets. (nytimes.com)TaxesWhen you pause a gas tax, you have to find money for roads somewhere else. (indianacapitalchronicle.com)Want to narrow the budget deficit? Collect taxes that are already on the books. (ft.com)Social SecurityA reckoning is coming for Social Security. Politicians aren't ready. (politico.com)Want to save Social Security? Cap earnings. (wapo.st)GovernmentFarmers are struggling to get help from a