Skip to main content

All In Podcast Episode 205 Recap and Notes November 23 2024

November 23 2024

  • Friedberg excited about DOGE
  • DOGE - Elon and Vivek oped in WSJ

    • Team will work with OMB

    • Get rid of $500B not authorized

    • Conduct audits

    • Use West Virginia vs EPA and Loper Bright vs Raimondo (overturning Chevron doctrine)

    • DOGEcast

    • Everything they said is obviously right

    • Government waste is a tax on all of us

    • Why are democrats making this a political issue - this affects all of us

    • At the very least they are highlighting these issues

    • Milton Friedman viral clip

    • Expectations are raised by the clip but lowered by media and Washington insiders

    • No one has made money betting against Elon Musk

    • Vivek Ramaswamy is a big legal mind

    • WSJ oped published it means that this is unifying the party

    • They can show a big leaderboard of what kinds of money wastage is happening

    • This can help the average American feel like they have insight and some control into how the government spends its money

    • CA example

      • Regulatory burde 1997-2015 has increased 50%
      • May 2022 - 61000 individual regulations in CA
      • In the last couple of years - govt has been biggest source of job growth
      • Vicious cycle
        • Govt hires more people
        • They create regulations
        • That stops private sector growth
        • They leave

    • Federal level

    • Singapore tax code is super simple

    • All organizations naturally grow

      • Companies, Non Profits, Government agencies
      • So we need natural re-adjustment from time to time
  • Milei in Argentina

    • Lex Fridman pod

    • Reduced 20→ 8 ministries

    • Got rid of ~15% government employees

    • Reduced subsidies, etc

    • Remarkable achievement

    • Inflation

    • DOGE won’t have Milei’s influence

    • Incredible how many things had to go right for us to reach this point

    • Just writing their essay saved us $100B - $15B/year because of 5 basis point reduction in rates

    • Trump, Musk, Tulsi, RFK Jr were all Democrats

      • Also Rogan, Chamath

    • Next CA Governor should also do big reductions

  • WW3 risk

    • Ukraine losing territory badly

      • This looks like an investable business growth curve 😟

    • Biden administration approved use of missiles that can attack into deep parts of Russia

    • Russia maintained 2 red lines

      • No NATO expansion to Ukraine
        • They proved their seriousness about that
      • No US/UK aid for long range missiles
        • They launched a missile of their own into Ukraine - apparently hypersonic - that can’t be stopped - so they are sending a message

    • Biden and his team authorized this strike as a lame duck President with 6 weeks left - Trump team was apparently not briefed

      • Ignoring the will of the voters

    • Biden owns this war and will not admit defeat

    • Biden seems to be making the situation so bad, it will be hard for Trump to get out of it

  • Obesity and fat cell memory
    • Fat cells remember they were fat 🙂
    • Brian Johnson results!

Comments

Post a Comment

Popular posts from this blog

What's your favourite Iron Maiden song?

Part of the NWOBHM ( ignoramuses can go ahead and google that :P ), Iron Maiden have rocked for a long time, with many brilliant compositions (yes compositions, as intricately crafted as any symphony you philistines - the cadence of mcbrain's drums, the richness of dickinson's voice, steve harris's incomparable lyrics and I will stop before waxing lyrical about the guitars of Dave Murray, Adrian Smith and Janick Gers....man!). So what is your favourite Iron Maiden song? I ask because frankly I don't think I have one, and I doubt if its possible for me to single any one out. (get it -- "single"? I use it while referring to songs? mmmpff :D, k, never mind) (wrt the inaugural blog post which was in keeping with the spirit of this webpage, I thought I might as well clear the air regarding the only thing meaningful in the whole piece - the title )
12 comments
Read more

Mxyztplk

kljfkldsajfks djfsdfklj23kj2kl3j423kl j4l23k jrkl;qjr;lwqej klqwjdklasdjklj234kj23kjsa kljdaskd'asdasd sad w 23 424k 23l4k23lk 4l23 4l32 kweerkwqe23 14 wqd asda d 234 2134 23 42343rldla;dkl;sakdl;kasl;dkas;ldk;asdklkasdklal23l;k4klsaldksaldksl;adk
7 comments
Read more

All In Podcast Episode 229 Recap and Notes May 23 2025

May 23 2025 All In Summit Bond market chaos Weak bond demand 10 year yields spiked Govt sells bonds to fund its activities Crazy debt projections 😟 Market does not want to buy debt from government Big beautiful bill is the anti-DOGE Worst case for financial situation Bill passed 215-214, 1 person slept on the floor and didn’t vote Gold and BTC spiked US downgraded Bill favors traditional republicans and traditional democrats Energy prices will spike, AI energy generation will be harder Fed might increase interest rates Republicans abandoned DOGE Tax cuts are good at least Better border security What is happening in Japan currency/bond markets might lead to $1T sale of US treasuries This could devalue the dollar This bill will hurt the US economy US politicians don’t want austerity President doesn’t have enough power over spending People vote for Republicans to cut taxes and cut spending - they did 1 out of 2 this tim...
Post a Comment
Read more