if fiscal spending is a net additive component of GDP, and fiscal deficits rise, but the deficits are funded by the Fed, does that mean that the economy actually grew? in other words, if tomorrow the government went out and borrowed $60T (double US GDP) which was printed by the Fed and then spent it on every imaginable government program they could conceive of, would that mean that the real economy actually tripled in size overnight? (from $30T to $90T) do you hear how ridiculous the argument for GDP sounds once you start to stretch it? common sense died in economics decades ago

Did the 1 million Americans who died of drug overdoses since 2008 get justice? Did anyone in big pharma go to jail for shilling addictive opiates? I know many Libertarians- does anyone have an answer for this? Or is this just another externality of the free market?

It’s a great shame that all those who seek power are never the ones you want to use it-and all the ones that should use it are never the ones that are seeking it

😂😂😂 Sure Yuval 😂😂

PARADIGM SHIFT.

Inaction in the face of evil is a form of evil of itself

Historically, the end of a reserve currency takes at least 20 -30 years If the process started in 2015 then it could take until 2045 to be over

New podcast interview out!! https://youtu.be/mJ1Y3aOn3mM?si=LY_FPJdvs_GhBqLP

I just find it hilarious how people go to school get degrees in finance and then study to get series 63 financial planner license and do 1000 hours of stock research just to build a portfolio that under performs bitcoin It ain’t that hard, big dawg. Just buy bitcoin and chill.

Sunsets in Washington

Oh no, my favorite asset is cheaper What will I do?

New video out on YouTube The Secret Plan to Save the Treasury https://youtu.be/FRY6Noy5Qb4

Never adopt defeatism. Never give up.

If the situation was hopeless, their propaganda would be unnecessary

What just happened??