Former President of China Deng Xiaoping famously quipped the following when asked about his pragmatic approach to the implementation of an economic system for China which directly contradicted the "purist" socialism or Marxism of Chairman Mao Zedong...
Impossible to keep up with you! Fascinating analysis!! Overwhelming... I can't offer any feed back other than to revisit this simple story we all know so well:
"A bald-headed bearded stranger stopped in town and went into an small old hotel to check in. He asked to go check out the rooms first so, in good faith, he left a $100 bill—a deposit of sorts—with the hotel owner.
The hotel owner immediately ran next door to pay his grocery bill.
The grocer ran it across the street to pay one of his suppliers.
The supplier used it to pay off his co-op bill.
The co-op guy ran it back across the street to pay the local hooker who had taken up residence in the aforementioned hotel.
The hooker ran it downstairs to pay her hotel bill just ahead of the returning traveler, who picked the $100 bill off the desk and left saying that the rooms were not satisfactory. "
Great piece as usual. Question - will the Vivek and Elon 'DOGE' department's efforts to drastically cut waste be enough to derail the drawn out scenario above? Elon was talking $2t/year. That even possible w/o jacking the unemployment rate?
Impossible to keep up with you! Fascinating analysis!! Overwhelming... I can't offer any feed back other than to revisit this simple story we all know so well:
"A bald-headed bearded stranger stopped in town and went into an small old hotel to check in. He asked to go check out the rooms first so, in good faith, he left a $100 bill—a deposit of sorts—with the hotel owner.
The hotel owner immediately ran next door to pay his grocery bill.
The grocer ran it across the street to pay one of his suppliers.
The supplier used it to pay off his co-op bill.
The co-op guy ran it back across the street to pay the local hooker who had taken up residence in the aforementioned hotel.
The hooker ran it downstairs to pay her hotel bill just ahead of the returning traveler, who picked the $100 bill off the desk and left saying that the rooms were not satisfactory. "
"try getting a reservation at DORSIA now, you ....." :)
Great piece as usual. Question - will the Vivek and Elon 'DOGE' department's efforts to drastically cut waste be enough to derail the drawn out scenario above? Elon was talking $2t/year. That even possible w/o jacking the unemployment rate?
What if plebes just use stimms to long memecoins and $LOL their way to riches?
I’m halfway through this article and my head is hurting lol
American capitalism with Chinese characteristics nails it. Holding bitcoin as a hedge now feels even smarter.
Is there a website where we can track the bills from congress that incentivize manufacturers of these critical goods and materials?
Thank you