November 23 2024
- Friedberg excited about DOGE
- DOGE - Elon and Vivek oped in WSJ
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Team will work with OMB
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Get rid of $500B not authorized
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Conduct audits
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Use West Virginia vs EPA and Loper Bright vs Raimondo (overturning Chevron doctrine)
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DOGEcast
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Everything they said is obviously right
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Government waste is a tax on all of us
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Why are democrats making this a political issue - this affects all of us
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At the very least they are highlighting these issues
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Milton Friedman viral clip
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Expectations are raised by the clip but lowered by media and Washington insiders
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No one has made money betting against Elon Musk
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Vivek Ramaswamy is a big legal mind
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WSJ oped published it means that this is unifying the party
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They can show a big leaderboard of what kinds of money wastage is happening
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This can help the average American feel like they have insight and some control into how the government spends its money
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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
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Federal level
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Singapore tax code is super simple
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All organizations naturally grow
- Companies, Non Profits, Government agencies
- So we need natural re-adjustment from time to time
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- Milei in Argentina
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Lex Fridman pod
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Reduced 20→ 8 ministries
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Got rid of ~15% government employees
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Reduced subsidies, etc
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Remarkable achievement
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Inflation
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DOGE won’t have Milei’s influence
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Incredible how many things had to go right for us to reach this point
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Just writing their essay saved us $100B - $15B/year because of 5 basis point reduction in rates
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Trump, Musk, Tulsi, RFK Jr were all Democrats
- Also Rogan, Chamath
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Next CA Governor should also do big reductions
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- WW3 risk
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Ukraine losing territory badly
- This looks like an investable business growth curve 😟
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Biden administration approved use of missiles that can attack into deep parts of Russia
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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
- No NATO expansion to Ukraine
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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
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Biden owns this war and will not admit defeat
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Biden seems to be making the situation so bad, it will be hard for Trump to get out of it
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- Obesity and fat cell memory
- Fat cells remember they were fat 🙂
- Brian Johnson results!
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