Jason Calacanis

People hand-wringing about the never-ending war and the cost of oil.

When did you make that switch to go all in on the market?

Because you were bearish.

And this is why it's great to operate in the private market and the public market, because you can see things in the private markets that inform the public markets.

But the question remains, Brad, how much better would the economy have been doing

you know, as much credit as you're giving to the administration if they didn't start a hundred billion dollar war that we did not need to go into, according to all reports.

And if we didn't do a bunch of tariffs that wound up being unconstitutional by the Supreme Court, which Trump himself put in, we would have been further ahead.

That's my take on it.

We would be ripping even more if we didn't have those.

We

100% in agreement, American exceptionalism as embodied by the great companies in America, SpaceX, Google, et cetera, all the ones we've been talking to here.

That is the story.

And I give infinite credit to this administration for being business friendly.

I do think they've made two critical mistakes.

I think the tariffs were poorly executed, and I think we shouldn't have gone to this war.

And we should find a quick resolution to it, which the administration seems to be desperately doing.

Sachs, your take on the economy?

Raise taxes, ban data centers.

That would be a much worse choice.

Chamath, I'll give you the last word here as we wrap on the economy generally.