Recent content by philostam

As a president, the easiest thing to do is to juice up GDP numbers and stock market. You just get the treasury to issue tons of debt and you issue it on the short end (more 1-2 years compared to 10). This is exactly what Biden and Yellen did. The release valve in this case is inflation, deficits...

Trump is getting a bit tedious with the tariff threats, I'd think by now they would formalize some sort of more coherent strategy. They are trying to achieve A LOT in the first weeks/months. Economy under Biden was running under the influence of insane government spending, so it was easy to hit...

Yeah, could be. I didn't really think about it that much but instinctually I agree with you. Definitely in the case of US and Canada. In Europe a bit harder due to so many different languages and national identities, although it worked quite well for the Habsburg monarchy or later Yugoslavia.

I agree with you that many people would need a $3000 stimmy reprieve and it's definitely money much better spent than where it previously went, but at the same time it would shatter any idea that US is serious about it's national debt which would spike the interest on the future borrowing...it's...

Apparently Trump likes Musk's idea of distributing DOGE savings to American people as a stimmy check. It's a populist move which it does nothing to address the national debt. It will pump stock market/Bitcoin though.

l Laws are made by humans, they're not superimposed on us. Just look at that bore Kier Starmer in the UK who is a definition of "I just followed the law" type of guy. There's not a hint of ingenuity and free thinking in that guy. I guess that's perfect to rule a country which is controlled by...

Well...the reason is that for me it's not just theory, I have been a happy customer for last 4 years and had to research everything. I don't think it's possible to get it if you don't have skin in the game. Nowadays there's literally not a single argument against Bitcoin that can discourage me...

Over the years the free market participants decided that value proposition of cryptocurrency is not to be a better visa/mastercard which can process more transactions for cheaper fees. That can be done (especially with stablecoins) but it's true that those cryptocurrencies are not especially...

BINGO. People voted for Trump knowing full well that he'll appoint Musk as his special advisor (or whatever the correct term is) to take care of government efficiency. Trump won the popular vote and has the full mandate of American people. And according to the recent poll his approval rating is...

I recently saw a chart (I don't have it on me right now) which showed that labor % of GDP gains is at all time lows and capital share % of GDP gains is at all time high. There was a brief rebound for labor during first Trump term, but after 4 years after Biden (and AI acceleration) it just hit...

"Open borders? That's a Koch brothers proposal which essentially says there is no United States. It would make everyone in America poorer. Right-wing people would love an open border to bring in all kinds of people to work for $2 to $3 an hour."- Bernie Sanders 2015 RECEIPTS. That's exactly...

So...500k of tax payers money was spent on subscription to Politico for 37 government employees 😜

Laughable take. You're also not a Trump voter so how do you know what Trump voters wanted and what's their evaluation of first 2 weeks of new administration? Do you interact with any Trump voters in good faith? I am also not on top of all of the news, but he quite clearly delivered a lot...

Totally, I feel Trump already gave more interviews and speeches in first 2-3 days than Biden in the last 2 years. It's really refreshing. So far I really liked the EOs. However, on the economic side it's gonna be really difficult. They cannot really cut deficits without causing a massive...

I agree here. Incredibly stupid post from Vivek and Elon. A political suicide. I hope they receive even more backlash and they rethink their opinions. The cultural inheritance of the West is not the same as in India or China. Our inheritance is that of a Homeric hero, not a bureaucrat or an...