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!