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Peter St. Onge

๐Ÿ‘ค Speaker
719 total appearances

Appearances Over Time

Podcast Appearances

Tom Bilyeu's Impact Theory
Peter St-Onge Talks Dot-Com Crash, AI Bubbles, and Building Wealth Amid Market Turbulence | Impact Theory w/ Tom Bilyeu

You should let them choose what job they want.

Tom Bilyeu's Impact Theory
Peter St-Onge Talks Dot-Com Crash, AI Bubbles, and Building Wealth Amid Market Turbulence | Impact Theory w/ Tom Bilyeu

You should let them start a business.

Tom Bilyeu's Impact Theory
Peter St-Onge Talks Dot-Com Crash, AI Bubbles, and Building Wealth Amid Market Turbulence | Impact Theory w/ Tom Bilyeu

And the general job of the government was to stay out of the way because anytime the government got involved, it was going to screw it up.

Tom Bilyeu's Impact Theory
Peter St-Onge Talks Dot-Com Crash, AI Bubbles, and Building Wealth Amid Market Turbulence | Impact Theory w/ Tom Bilyeu

So there had to be a darn good reason for the government to get involved.

Tom Bilyeu's Impact Theory
Peter St-Onge Talks Dot-Com Crash, AI Bubbles, and Building Wealth Amid Market Turbulence | Impact Theory w/ Tom Bilyeu

Like if a crime is being committed or if it's a war or something like that.

Tom Bilyeu's Impact Theory
Peter St-Onge Talks Dot-Com Crash, AI Bubbles, and Building Wealth Amid Market Turbulence | Impact Theory w/ Tom Bilyeu

Keynes, on the other hand, he was the standard bearer for an idea that's lasted almost as long, which is that government can do it better.

Tom Bilyeu's Impact Theory
Peter St-Onge Talks Dot-Com Crash, AI Bubbles, and Building Wealth Amid Market Turbulence | Impact Theory w/ Tom Bilyeu

And of course, you know, there's always a constituency for this because government is corrupt.

Tom Bilyeu's Impact Theory
Peter St-Onge Talks Dot-Com Crash, AI Bubbles, and Building Wealth Amid Market Turbulence | Impact Theory w/ Tom Bilyeu

And so certain people are going to think that they can bribe government and then they can get special privileges so they can get, you know, trade protection or they can get money handed out to the industry and so on.

Tom Bilyeu's Impact Theory
Peter St-Onge Talks Dot-Com Crash, AI Bubbles, and Building Wealth Amid Market Turbulence | Impact Theory w/ Tom Bilyeu

So Keynes was willing to be that guy.

Tom Bilyeu's Impact Theory
Peter St-Onge Talks Dot-Com Crash, AI Bubbles, and Building Wealth Amid Market Turbulence | Impact Theory w/ Tom Bilyeu

Predictably, of course, governments wanted to fund departments and professors who were pushing this pro-government narrative.

Tom Bilyeu's Impact Theory
Peter St-Onge Talks Dot-Com Crash, AI Bubbles, and Building Wealth Amid Market Turbulence | Impact Theory w/ Tom Bilyeu

Today, when you go to a university, Keynesianism is dominant.

Tom Bilyeu's Impact Theory
Peter St-Onge Talks Dot-Com Crash, AI Bubbles, and Building Wealth Amid Market Turbulence | Impact Theory w/ Tom Bilyeu

Basically, it says that no matter what the question is, government has a role to play.

Tom Bilyeu's Impact Theory
Peter St-Onge Talks Dot-Com Crash, AI Bubbles, and Building Wealth Amid Market Turbulence | Impact Theory w/ Tom Bilyeu

Of course, the problem is government is made of men.

Tom Bilyeu's Impact Theory
Peter St-Onge Talks Dot-Com Crash, AI Bubbles, and Building Wealth Amid Market Turbulence | Impact Theory w/ Tom Bilyeu

It's made of people.

Tom Bilyeu's Impact Theory
Peter St-Onge Talks Dot-Com Crash, AI Bubbles, and Building Wealth Amid Market Turbulence | Impact Theory w/ Tom Bilyeu

We all understand that companies can't be trusted.

Tom Bilyeu's Impact Theory
Peter St-Onge Talks Dot-Com Crash, AI Bubbles, and Building Wealth Amid Market Turbulence | Impact Theory w/ Tom Bilyeu

They're going to try to rip you off.

Tom Bilyeu's Impact Theory
Peter St-Onge Talks Dot-Com Crash, AI Bubbles, and Building Wealth Amid Market Turbulence | Impact Theory w/ Tom Bilyeu

They're going to try to charge you more money.

Tom Bilyeu's Impact Theory
Peter St-Onge Talks Dot-Com Crash, AI Bubbles, and Building Wealth Amid Market Turbulence | Impact Theory w/ Tom Bilyeu

They're going to try to stiff you.

Tom Bilyeu's Impact Theory
Peter St-Onge Talks Dot-Com Crash, AI Bubbles, and Building Wealth Amid Market Turbulence | Impact Theory w/ Tom Bilyeu

But of course, why would governments be any different?

Tom Bilyeu's Impact Theory
Peter St-Onge Talks Dot-Com Crash, AI Bubbles, and Building Wealth Amid Market Turbulence | Impact Theory w/ Tom Bilyeu

People who go work for the government do not get purified in some ritual where they're Jedi council now.