It seems to be a nearly immutable law of human nature that organizations formed by people to solve a problem decay, over time, into organizations that exist primarily to serve themselves.
For most of human history, poverty was normal. Prosperity is the strange achievement.
Young people should learn what made that achievement possible before they vote to destroy it.
Did the Inflation Reduction Act reduce inflation?
Did No Child Left Behind leave no children behind?
Did the Affordable Care Act make health care affordable?
Did the USA PATRIOT Act increase patriotism?
Does the National Defense Authorization Act improve national defense?
There were lots of people on the left and the right that thought Trump would cut spending.
Spending went up. It will go up next year and the next, and more again whichever clown next takes office
It does not matter who you vote for.
Nothing stops this train.
The sovereign bond market will collapse due to math, and it will shatter the world.
If you own government bonds you are retarded
If you’re a state, secede asap
https://t.co/23rFXXz5b4
It's pretty remarkable how, within maybe 4-5 years, we went from a quasi-millenarist environment of fear about climate change premised on the idea that we were just a few years away from the end of the world to a situation where almost nobody talks or gives a shit about it anymore.
There may be a lesson here about the dangers of hyping a risk, which I think might soon become relevant to discussions about AI, because although the apocalyptic cult that developed about the risk posed by climate change was ridiculous, it's not as if the problem had magically disappeared either.
Reform efforts have been met with frustration. The entire machinery is set up to resist the influence of a politically hostile takeover.
~@jeffreytucker
What If the FDA Were Eliminated?
https://t.co/Lg6Q2TSTqx
Technology's natural deflation lowers costs, yet central banks force inflation to keep the debt system afloat. This gap isn't just economic policy—it's history's greatest wealth transfer, from labor to asset holders. Understand it, and you'll see the system for what it is.
The debt passed $39 trillion today.
Paying a trillion dollars of interest annually on this debt causes hardship for tax-payers and robs us of resources that could otherwise be used for infrastructure or national defense. And ultimately, this debt will enslave our grandchildren.