Joe Lonsdale

Isn't that crazy?

I'm always jealous of Japan because like they'll have their roads, just like the guys will come at night because they respect their other people so much in their society and they don't have the weird unions that break things.

So they just like work really hard at night, well-paid and get it done fast, right?

So you can be on the road again.

Now you could do it again without having to keep the union guy up at night, you know?

Damn, man.

No, and by the way, here's the thing.

This is like a classic Jevons paradox thing, which is really important for economics, because a lot of people might see this, and their first instinct might be, well, F you, you're just getting rid of people's jobs.

That might be the thing they think.

And here's what it is.

It's that when something goes down in cost, you can demand for a lot more of it.

So the original Jevons paradox, and it's important for people to understand, this is a key economics concept, is they figured out how to make coal plants twice as efficient in the 19th century.

It was a big deal, because coal was the big energy.

And so if you own a bunch of coal mines, a lot of people did.

That was a big thing back then.

And coal plants are twice as efficient.

All of a sudden, everyone's like, oh my god, they're not going to need our coal anymore.

And you know what happened instead?

The demand for coal went way up.

Because all of a sudden, because energy was so much cheaper, it was now much more in demand and there's much more uses of it.