All In Podcast Episode 198 Recap and Notes October 3 2024

October 3 2024

Mark Cuban joins the podcast!
Cuban’s history with Trump
- Quite amicable overall
- Likes him personally but doesn’t think he’s the right person for the job
Trump’s record
- Bad
  - Didn’t show great leadership during the BLM riots
  - Support for Saudis during Yemen conflict
  - Interesting linkage between price of oil rise to track inflation
    - Trump helped oil companies by asking Saudis and Putin to curtail production - the deal was 2 years long - and that led to high inflation for that duration which got better after the deal expired
    - Friedberg counters that the cause of inflation was government and Fed monetary and fiscal policy - of pouring trillions of dollars into the world economy (unprecedented)
    - Everything was constrained, not just energy
    - Larry Summers also warned in Q1 of Biden-Harris administration that they were doing the wrong thing with passing the Inflation Explosion Act
- Good
  - Great salesman, crowd motivator
  - Bringing down corporate tax rate
  - Capital gains
  - Operation Warp Speed
Biden’s record
- Compares Democrats’ process vs Republicans’ process
- Bad
  - Border disaster
  - Spending and stimulus was bad
  - EV chargers was bad
  - Filibuster removal will be bad
  - Lina Khan and FTC was bad
- Good
  - Infrastructure bill was good
  - Broadband bill is good
  - Pharmacy benefits
  - Country tone change was good
Kamala Harris
- Smart election campaign
International Affairs
- Supports Israel (he’s Jewish), against Hamas
- Thinks Gaza approach was too strong, Hezbollah approach was right
- Ukraine
- Crazy national debt
- Crypto regulation
  - Against Elizabeth Warren - backing a Republican against her
  - Gary Gensler is a moron - regulation through litigation - sue you first, ask questions later
Why he sold the Mavs
- Had tech advantage when he joined, now its a real estate play and so he wants to get out, still owns 27.7%
CostPlusDrugs.com
- Able to provide drugs real cheap
- Incumbents enjoy price opacity
AI
- Agents will just be a feature, not a product
- Everyone will have models
Knicks trade sounds good
Elon
- Great entrepreneur
- Twitter was a mess
OpenAI conversion
- Karma will come back to hit them
- Nothing says they will win
- Likes Gemini 1.6, NotebookLM, Meta

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