Josh Brown
π€ SpeakerAppearances Over Time
Podcast Appearances
Not really, but I love the piece.
I think it's fascinating.
We have people submitting their creative writing projects like it's college and the market instantly starts repricing MasterCard and Visa by 10%.
I think it's fucking hilarious.
I think it was very well written.
And I appreciated that ability to try to think two years ahead and all the knock-on effects.
The thing is, I've seen this before, and I'm not going to finish that sentence by saying I know how it turns out.
I just know it turns out differently than every single negative piling on top of each other without an offset in sight.
That is very rarely how these things end up.
And so I think it's important for us to think through the issues that Citrini raises.
But I think it's highly unnecessary for us to all conclude, oh, yeah, it'll probablyβ
it'll probably shake out just like this.
Every possible terrible externality will occur all at once, and it'll be game over for the economy.
Like, obviously, that's not the way these things play out.
This could only be written by someone who employs no people and has no customers and has never really been in business before.
It's a it's a it's like a Gen Z slash millennial think piece written by very bright people, of course.
who don't understand that the frictions in the economy are not just like these annoying things with a friendly face.
The relationships in the real world are not just like, oh, here's a friction, but we put a salesperson in front of it and therefore it'll persist forever.