The tragedy of the Bondi Beach shootings is not just a single evil act. It’s the legacy of a corrupt system and complacent populace. As Australia mourns, think about how we can stop the system from rotting further.
The concept contradicts what America is meant to be. America is not for a special group of people; it’s a place for people who want to be special.
By protecting markets from competition, the feds are condemning US producers to inferior output at excessive prices. The greater the protection, the less competitive the producers become.
Analysis of the AI boom assumes it is subject to the rules of capitalism. Valuations, returns, cashflow… But what if we are dealing with something more like the Space Race?
Remember the general rule: the more the feds meddle with the economy, the worse it gets. Revenues fall…real asset prices drop and opportunities for ripping off the public increase.
And here we have an illustration of the general rule: The more the feds fiddle with the economy, the worse the economy gets…and the more opportunities it presents for rip-offs.
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