E.J. Antoni

Exactly. And what's really terrible about that is that investment is the only driver of long run economic growth. Yes. Under Biden, the short term driver of economic growth was just government spending. Yeah. Right.

Exactly. Exactly. This is another case of double taxation. Yeah. Right. And so what I look, as you said, it's a huge bill. There's some good stuff in it. There's some bad stuff. And I think there's some ugly stuff in it, too. And I'm really hoping that the Senate just makes it better, make it a bigger, more beautiful bill than it already is. And I think they can do that.

Exactly. Exactly. This is another case of double taxation. Yeah. Right. And so what I look, as you said, it's a huge bill. There's some good stuff in it. There's some bad stuff. And I think there's some ugly stuff in it, too. And I'm really hoping that the Senate just makes it better, make it a bigger, more beautiful bill than it already is. And I think they can do that.

Exactly. Exactly. This is another case of double taxation. Yeah. Right. And so what I look, as you said, it's a huge bill. There's some good stuff in it. There's some bad stuff. And I think there's some ugly stuff in it, too. And I'm really hoping that the Senate just makes it better, make it a bigger, more beautiful bill than it already is. And I think they can do that.

I think all our collective IQ just went down having to listen to that drivel. My goodness. Yeah, it was very simple. When the government prints trillions of dollars out of thin air, they become less scarce. And scarcity is fundamentally what gives things its value, right?

I think all our collective IQ just went down having to listen to that drivel. My goodness. Yeah, it was very simple. When the government prints trillions of dollars out of thin air, they become less scarce. And scarcity is fundamentally what gives things its value, right?

I think all our collective IQ just went down having to listen to that drivel. My goodness. Yeah, it was very simple. When the government prints trillions of dollars out of thin air, they become less scarce. And scarcity is fundamentally what gives things its value, right?

This is part of something called the diamond water paradox, which now that they can make synthetic diamonds, it's not as true anymore. But why is it that even though water is so much more useful, its price is so much less than diamonds, which have almost no utility, right? Especially compared to water.

This is part of something called the diamond water paradox, which now that they can make synthetic diamonds, it's not as true anymore. But why is it that even though water is so much more useful, its price is so much less than diamonds, which have almost no utility, right? Especially compared to water.

This is part of something called the diamond water paradox, which now that they can make synthetic diamonds, it's not as true anymore. But why is it that even though water is so much more useful, its price is so much less than diamonds, which have almost no utility, right? Especially compared to water.

And there's a finite supply of water for what it's worth. It's because water is so much more abundant. Diamonds are so scarce. Yeah. Right. So if you make something less scarce, its value goes down. That's exactly what happened. That's exactly what we did to the dollar. I mean, the Fed literally doubled the assets on its balance sheet, which is the basis of the money supply, essentially.

And there's a finite supply of water for what it's worth. It's because water is so much more abundant. Diamonds are so scarce. Yeah. Right. So if you make something less scarce, its value goes down. That's exactly what happened. That's exactly what we did to the dollar. I mean, the Fed literally doubled the assets on its balance sheet, which is the basis of the money supply, essentially.

And there's a finite supply of water for what it's worth. It's because water is so much more abundant. Diamonds are so scarce. Yeah. Right. So if you make something less scarce, its value goes down. That's exactly what happened. That's exactly what we did to the dollar. I mean, the Fed literally doubled the assets on its balance sheet, which is the basis of the money supply, essentially.

What do you think is going to happen to the value of your currency when you devalue it?

What do you think is going to happen to the value of your currency when you devalue it?

What do you think is going to happen to the value of your currency when you devalue it?

Exactly, exactly. Because you still have, it's not as true as it was in the gold exchange standard, but it's still true today. When other currencies are based off of the value of the dollar or when they use dollars as the basis for their money supply, sure, you increase that supply. You're going to increase the supply and therefore decrease the value of other currencies.

Exactly, exactly. Because you still have, it's not as true as it was in the gold exchange standard, but it's still true today. When other currencies are based off of the value of the dollar or when they use dollars as the basis for their money supply, sure, you increase that supply. You're going to increase the supply and therefore decrease the value of other currencies.

Exactly, exactly. Because you still have, it's not as true as it was in the gold exchange standard, but it's still true today. When other currencies are based off of the value of the dollar or when they use dollars as the basis for their money supply, sure, you increase that supply. You're going to increase the supply and therefore decrease the value of other currencies.

Honestly, it feels a bit of an overreach to call it a deal. This is basically rolling back some but not all of the escalation in terms of tariff rates that we've seen for the last several weeks since April 2nd. And it essentially is an agreement not so much to do anything concrete but to continue talking. So, again, that's a step in the right direction.