Skip to main content

All In Podcast Episode 223 Recap and Notes April 11 2025

April 11 2025

  • Sacks is back

  • No Friedberg 😟

  • Ezra Klein joins the show

    • Podcast of The Ezra Klein show
    • Founder of Vox
    • Abundance book with Derek Thompson

  • Larry Summers joins the show

    • Fmr President of Harvard
    • Govt appointments

  • Trump tariffs and China positioning

    • Wild swings in tariff position
    • Stock market hit
    • Volatility
    • Still lot of tariffs in place
    • Markets have lost ~$4T-$6T
    • Could be worse if you count how workers are hurt
    • If they really didn’t care about Wall St then why were they happy about market going up a couple of days ago?
    • This can reduce demand, increase unemployment, increase prices - which is all bad for people
    • US is trading like an emerging market country right now
      • Zeitgeist around America changing to that of Peron’s Argentina style
    • Authoritarian tendencies, cronyism, etc
    • Counter
      • World is happily embracing 10% tariffs for US
      • China isolated
      • Can’t achieve this by asking nicely - that’s not how things work
    • Stock market is crash or mean reversion?
    • How do we judge success?
      • US reindustrialization
      • Chips - US must control supply chain
      • Energy
      • Rare earth minerals
      • Pharma APIs - design and manufacture anything needed to help Americans when they get sick
    • Impact of China into WTO
      • Clinton’s claims
        • US exports to China increase
        • Export democracy
        • Improve national security
    • Biden administration approach to regulation was too restrictive - they had the right goal but bad specific policies
    • Do we need specific policies or targeted policies?
    • Seems Trump advocates are conflating a lot of benefits of tariffs with other adjacents goals like combating dumping, etc - why project - be specific
    • Is it rational to declare a new era of American economic order?
    • Good analogy by Ezra to Mark Danner article about Iraq war - everyone projecting their own goals for the war - coming together as a coalition
    • PNTR - Permanent New Trade Relations

  • Recession chances

    • Almost definitely will happen (might have already been there)
    • Bretton Woods 2.0

  • Democrat party future

    • Cost to build housing in CA vs TX is 2x (4.4x if public subsidies)

  • Breakthrough prize

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 214 Recap and Notes February 7 2025

February 7 2025 Jason grifting for USAID (tongue in cheek!) Ray Dalio episode with Friedberg was a big hit Government seems to be kind of following his recommendations Antonio Gracias joins the program Legendary investor (Tesla, SpaceX, Uber, Athena, etc) DOGE vs USAID JFK established it via EO in 1961 Programs in ~130 countries Budget under Biden ~doubled from $26B to $45B Insane spending Twitter takeover ~$12.5B in debt Breaking even Biggest turnaround in history Company doing well No one came into the office - pens had gone dry in the conference room due to unuse Flowers were impeccable - 1000s of people’s worth of food being cooked everywhere and thrown into trash and not being even given to homeless Fixed the woke mind virus This is like a warmup for DOGE First he thought democracy was turning into bureaucracy Instead its becoming a kleptocracy Pure corruption Similar to 1941 Truman committe/commission Formed...
Post a Comment
Read more