“The inherent vice of capitalism is the unequal sharing of blessings. The inherent virtue of Socialism is the equal sharing of miseries.” - Winston Churchill
The next trillionaire will undoubtedly get there by solving some very important problems (like advancing electrification of global personal transportation by a decade or more, dramatically cutting the $/kg of taking stuff to orbit, or supplying wireless broadband internet to the entire planet).
I want to live in the world that person will help create.
I remember the countless predictions of the imminent financial demise of Elon Musk after he bought Twitter.
He paid too much. He's in distress. The website will be shut down because he can't afford to keep it on the internet.
Many posted their handles for other platforms and said to find them there since Twitter is going away.
Elon became the world's first trillionaire today.
These people had no idea what they were talking about.
They were rooting against someone, and making stuff up to feel better about it.
It's a good reminder that there are a lot of miserable people out there with too much time on their hands that like to bring others down on the internet.
These people are losers. Ignore them.
@XavierBecerra Your whole platform is being anti Trump... maybe focus on policies that actually affect citizens in your state rather than making hatred of another person your platform.
Just read through the full Substack and how Warsh believes shrinking the balance sheet will actually lead to lower rates long-term. But still, intentionally keeping inflation higher than long term rates would be in direct violation of the Fed's mandate to provide price stability, right? Regardless of the methods used to achieve it...
What would the argument be from an independent Fed Board's perspective as to why this would help them achieve their dual mandate? Or would this just be an admission from the Fed that they aren't as independent as we believe and have a 3rd unstated mandate, which is to protect the Federal government from defaulting on it's debt?
@GrahamStephan How likely is this really to happen though? The odds for a rate cut this year are low, and Warsh is open about wanting to SHRINK the balance sheet. Wouldn't financial repression require a Fed board that essentially abandons their mandate of maintaining price stability?
Drycleaners, their devastating impact on our communities that nobody talks about, and a solution:
As a strip mall owner, I've dealt with this issue for 15 years, and I'd like to address it here.
Hope this gets Retweeted so we save lives!
Since the 1930s, the
Very good post. Moses has a way of simplifying things.
There ARE solutions to making housing more affordable. And they’re pretty simple.
I wish I could put this in front of every politician at the local, state and federal level.
Consistently:
▪️Save
▪️Read
▪️Invest
▪️Be Kind
▪️Exercise
▪️Prioritize Sleep
▪️Think long-term
▪️Eat Healthy foods
▪️Socialize With Positive People
and many life problems will slowly disappear
@spencertbarber Love the work you're doing and been enjoying seeing the progress. I assume you've already got sales agents who also know how to leverage AI efficiently lined up to help you sell units? If not, would love to connect and see if there's a way to help out.