Milton Friedman on 4 ways to spend money:
1) Your money on yourself (you’re careful about both cost and quality)
2) Your money on others (you care about cost, less about quality)
3) Someone else’s money on yourself (you care about quality, not cost)
4) Someone else’s money on others (you care about neither)
The last one is how government spending works.
@whoevencaresdud@iamtexture@PaulMclo Data centers power nearly all of the internet sites, apps, email, streaming, AI.
AI ones prioritize dense GPU compute, storage & networking to feed them.
Your personal data lives there as normal infra, not spying. They hold the model weights & training data that make AI work.
@brivael Reform fails because people won’t accept the sacrifice needed to fix the deficit The real fork is bankruptcy versus robots.What it underplays is the middle. AGI-level robots will drive mass job loss. The 10–20 year transition will be hard. Abundance comes only after that pain
@Polymarket Zero chance he runs. The next presidency is sacrificial no matter which party wins — that president will either have to confront the debt head-on or get blamed for ruining the country. Mark is too smart for this.
Milton Friedman:
“Economists don’t know much, but there’s one thing we know very, very well—and that’s how to produce shortages.”
“You want a shortage of housing in New York City? Set a maximum price on rent, and you will have a shortage of housing.”
@PhilosophyOfPhy the Sun itself has never returned to the same place either.
Our whole galaxy is racing through the universe.
Nothing is ever in the same spot twice.
Europe has developed a pretty interesting definition of “protecting democracy.”
🇷🇴 Romania annulled a presidential election after Călin Georgescu finished first, then barred him from the rerun.
🇭🇺 Hungary’s new government rewrote the constitution with retroactive limits that block Viktor Orbán from becoming PM again and later approved rules barring long-serving MPs from the next parliamentary election.
🇩🇪 Germany’s domestic intelligence service classified the AfD as extremist, opening the door to much heavier surveillance of the country’s biggest opposition party.
🇫🇷 France upheld Marine Le Pen’s conviction, kept restrictions on her political future and ordered her to wear an electronic ankle tag.
🇪🇸 In Spain, more than a dozen people tied to Pedro Sánchez’s political and personal circle have been investigated or prosecuted in separate corruption cases, while Sánchez himself has not been charged.
🇬🇧 Britain postponed local elections during a sweeping reorganization of local government, triggering a petition accusing the government of voter suppression.
🇵🇱 And now Poland has police surrounding its Constitutional Tribunal while the government and opposition accuse each other of trying to seize control of the court.
The real red line in Europe may not be democracy... It may be leaving the club.
Writer: Sol