Peter Zeihan

Very little experimentation has gone on to this point.

You're probably familiar with modern monetary theory, MMT.

Yeah, I'm not suggesting for a second that that is going to work, but it's one of the few examples out there of people experimenting with something new.

And so as long as the experimentations don't happen where I have a bank account, I'm all for it.

Because even if it fails utterly, and I think it will fail utterly, we're probably going to learn a few things from that that will be useful down the road.

The only other model that I'm seeing any experimentation with that really doesn't have a name yet is what the Trump administration is doing, which is an artificial restriction on production by government policies that are chaotic.

Absolutely.

We've seen industrial production and employment drop for the last 11 months.

I don't want to overplay it because I doubt this is being done on purpose.

But we've seen manufacturing contract.

We're seeing agriculture contract.

And because of tariffs, we're seeing consumption contract.

On the other side, Trump very, very clearly has his favorites.

And he's artificially restricting the demand of groups that he doesn't like.

So a demand management model where you have an arbiter in the government who decides who can consume what.

It's a combination of capitalism and fascism.

I'm not saying it's going to work.

I'm saying it's the only other experimentation I've seen out there so far.

It's horrific, let's be clear, but it's an experiment.

Black flag.