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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!

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