Allison

So all of these organizations, whether again, and we've all been on boards of nonprofits, I'm sure. And we've all been involved in this sort of thing. There's always this like, incentive to raise more capital to hire more people to do more stuff that sort of It's really unclear until you really dig into the psychology of each individual person working there why this is happening.

So all of these organizations, whether again, and we've all been on boards of nonprofits, I'm sure. And we've all been involved in this sort of thing. There's always this like, incentive to raise more capital to hire more people to do more stuff that sort of It's really unclear until you really dig into the psychology of each individual person working there why this is happening.

I don't think that the federal government is any different. Each of these people feel they want to be more important, they want to have a bigger role, they want to have a bigger impact.

I don't think that the federal government is any different. Each of these people feel they want to be more important, they want to have a bigger role, they want to have a bigger impact.

If your job directionally is to regulate, then what's the scalar on regulation? More regulation. So therefore to do more, you have to regulate more. There's no regulator that says, I wanna regulate less over time, because we've created a system that's one directional. So you have to have these resets.

If your job directionally is to regulate, then what's the scalar on regulation? More regulation. So therefore to do more, you have to regulate more. There's no regulator that says, I wanna regulate less over time, because we've created a system that's one directional. So you have to have these resets.

If you don't have them naturally, they're gonna happen unnaturally in the form of social unrest and breakdowns of the economy and collapse of social structures, all these other things that happen way, way down.

If you don't have them naturally, they're gonna happen unnaturally in the form of social unrest and breakdowns of the economy and collapse of social structures, all these other things that happen way, way down.

Or as Chamath is pointing out in California, in the economic structure of California, which I think is happening on a kind of national scale because of the outsized role the federal government plays in our national economy here today. So you have to have these unnatural forces come in and do this readjustment from time to time. Otherwise, it's just going to break on its own.

Or as Chamath is pointing out in California, in the economic structure of California, which I think is happening on a kind of national scale because of the outsized role the federal government plays in our national economy here today. So you have to have these unnatural forces come in and do this readjustment from time to time. Otherwise, it's just going to break on its own.

I feel like America is Neo from the Matrix where there was like a thousand bullets being shot at America and we like literally had to dodge every single one of them in order to get to this point. Again, I am so shocked and surprised in a positive way that we ended up on this particular timeline. Look, everything had to go the way it went for this to have happened.

I feel like America is Neo from the Matrix where there was like a thousand bullets being shot at America and we like literally had to dodge every single one of them in order to get to this point. Again, I am so shocked and surprised in a positive way that we ended up on this particular timeline. Look, everything had to go the way it went for this to have happened.

Biden decided to run for reelection. Biden stayed in too long. They didn't run a primary. They put Kamala in.

Biden decided to run for reelection. Biden stayed in too long. They didn't run a primary. They put Kamala in.

Elon decided to throw $100 million at the problem. Elon bought Twitter. China had a real estate bubble.

Elon decided to throw $100 million at the problem. Elon bought Twitter. China had a real estate bubble.

I mean, you can go down the list of things that had to go right for us to get to this very moment where a small group of people have recognized the fiscal death spiral that the United States federal government has been in and have the authority and the capacity and the skills to be able to go and execute against a solution I have no idea how this could have been architected.

I mean, you can go down the list of things that had to go right for us to get to this very moment where a small group of people have recognized the fiscal death spiral that the United States federal government has been in and have the authority and the capacity and the skills to be able to go and execute against a solution I have no idea how this could have been architected.

Maybe Sax knew all along and I convinced him two years ago that this was how things had to go and he's been designing it like Emperor Palpatine.

Maybe Sax knew all along and I convinced him two years ago that this was how things had to go and he's been designing it like Emperor Palpatine.