Long but worth it.
31 minutes of pure gold.
@chamath and @friedberg have a HEATED debate over the importance of the federal debt in this two-year-old episode of @theallinpod.
Friedberg says Chamath is making the same mistake they made when the British Empire fell:
" Everyone had the exact same perspective that you have when they were living in those days.
They said, 'You know what? We're going to be okay, because we're the reserve currency. And the world loves us, and we're the empire, and we have influence everywhere.'
And they all lost primacy, and their currencies collapsed, and they all broke apart."
Chamath says we don't have to worry about high interest rates increasing the cost of servicing the debt because the US can refinance their debt using 100-year treasury bills:
"The next time that we have a meaningful fall in interest rates, like every other person does in America to refi their credit cards, refi their home loans, refi their mortgages.
The United States could have had a much more aggressive and thoughtful strategy of refinancing by pushing out these maturities way into the future. And again, Trump actually suggested that, but because he sounded like a goofball, everybody said absolutely no way. But in hindsight, that one move would have saved us trillions of dollars over the next decade if we had done it.
It's amazing the insights you can draw from an old episode of @theallinpod. Extra interesting given what's going on with @elonmusk and @DOGE right now.
Also, pretty sure this is the first time @friedberg and @chamath ever fought. 🥊
@BasedMikeLee Add to the list an investigation into whoever green lit the Ukrainians firing our long range missiles into Russia (it obviously wasn’t Biden). Reckless AF
Jon is a Tennessee father of two who graduated from Harvard Medical School. He voted twice for Obama, but this election he voted for Kennedy. “My first week of high school was 9/11. My first week of college was Katrina … I’ve gotten used to my government not being truthful with me … The status quo has brought us increasing income inequality … This Alan Greenspan economy of rewarding bad behavior … Every health metric has declined over the last 30 years. Our education system has failed … What RFK is saying — that is the status quo that I’m talking about.”
#RFKJr @2waytvapp
Donald Trump should complete his stunning common sense dismantlement of the woke mind virus brigade by announcing he’s now identifying as a woman and will therefore become America’s first female president…
Unpopular opinion-
Trump voters, now is the time to walk the walk. This is the unity party- if you want to heal this country you need to show real love and compassion to liberals and democrats.
You need to talk to them, listen to them- prove to them that what the media said about Trump was lies- what they said about Trump supporters was lies. You can’t mock them for calling you garbage and then act like garbage because you won.
Their greatest success in Trump’s first term was creating TDS- it is up to every Trump supporter to live out the counter narrative to their lies.
Making America great again is inseparable from dismantling the divisive psyop that Trump supporters are mean, uninformed, Nazis.
Be the bigger person, build the bridge and welcome someone across.
Otherwise four years from now America is even more divided and even more in danger.
No excuses. 🇺🇸
@Jason Prior to Elon’s acq of twitter, where were you on the rumors of their shadow banning, etc? If we ever see behind the google curtain I think everyone on both sides expects to see exactly what the twitter files revealed. Running cover for these companies feels like gas lighting..