Andrew Ross Sorkin

It creates a tragedy of the commons. There's a collective action problem because like you said, each individual congressman or senator primarily wants to get stuff for their district or their state. for their special interests. And there's no one really looking out for the public interest, the overall common good.

It creates a tragedy of the commons. There's a collective action problem because like you said, each individual congressman or senator primarily wants to get stuff for their district or their state. for their special interests. And there's no one really looking out for the public interest, the overall common good.

And these appropriators are basically engaged in log rolling where they're willing to give their colleagues their pork if they get their pork. And this is why we have a $2 trillion deficit. It's a really hard thing to fix. I mean- It's really hard.

And these appropriators are basically engaged in log rolling where they're willing to give their colleagues their pork if they get their pork. And this is why we have a $2 trillion deficit. It's a really hard thing to fix. I mean- It's really hard.

I think this has been something that I remember Bush 41 in his State of the Union called for a line item veto. This was like 30 years ago. And we still need that. Because I do think that if the president had more authority over this process, it'd be less of a tragedy of the commons.

I think this has been something that I remember Bush 41 in his State of the Union called for a line item veto. This was like 30 years ago. And we still need that. Because I do think that if the president had more authority over this process, it'd be less of a tragedy of the commons.

Yeah, and unfortunately, Congress will never, I think, change its ways until they're forced to by some sort of crisis, which, Freeberg, I think is your point about eventually we'll be in a debt crisis, and then Congress will finally see the wisdom— And they'll finally appreciate what Elon did. You know, there's all these entrenched political interests complaining about Elon.

Yeah, and unfortunately, Congress will never, I think, change its ways until they're forced to by some sort of crisis, which, Freeberg, I think is your point about eventually we'll be in a debt crisis, and then Congress will finally see the wisdom— And they'll finally appreciate what Elon did. You know, there's all these entrenched political interests complaining about Elon.

I mean, again, he undertook an enormous sacrifice to try and fix our fiscal situation, which is unsustainable before there's a crisis. One day there'll be a crisis. Everyone will see that he's right.

I mean, again, he undertook an enormous sacrifice to try and fix our fiscal situation, which is unsustainable before there's a crisis. One day there'll be a crisis. Everyone will see that he's right.

Rain Man, David Sack.

Rain Man, David Sack.

And it said, we open sourced it to the fans and they've just gone crazy with it. Love you, Wes. Queen of Kin.

And it said, we open sourced it to the fans and they've just gone crazy with it. Love you, Wes. Queen of Kin.

Thanks for having me. What a day.

Thanks for having me. What a day.

Another what a day day.

Another what a day day.

Well, look, if you just look at how much money has been lost, we're talking about trillions of dollars with a T. But in percentage terms, you can look over just even the last week, we're down 10%. Peak to trough from the sort of heights of where we were near the election to now, you could argue we're over 20% off, maybe more, depending on how you do the math.

Well, look, if you just look at how much money has been lost, we're talking about trillions of dollars with a T. But in percentage terms, you can look over just even the last week, we're down 10%. Peak to trough from the sort of heights of where we were near the election to now, you could argue we're over 20% off, maybe more, depending on how you do the math.