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10 sats \ 5 replies \ @Bell_curve 5 Jun \ parent \ on: Trump Says Musk Went 'CRAZY,' Suggests Cutting Gov Contracts for his Companies Politics_And_Law
unhinged is related to ketamine
I think Elon is very frustrated by the courts and now Congress
no one in DC wants to cut spending or eliminate waste fraud abuse
I truly think he thought he could man handle and bulldoze his way through with Members. The issue is if Republicans had say a 30 seat majority he would have a solid shot but we don’t. We get 3 flips tops and then it’s over.
Members have there things that they care about and are important to them that they want to keep the money there for. However when everyone has one or two it spirals. Negotiations are critical and it got the House there but the trade off ended up being his tax credits to not have federal land sales
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unhinged is related to ketamine
haha....hadn't heard about that....
no one in DC wants to cut spending or eliminate waste fraud abuse
So true.
Not trying to make an excuse for them, but I'm starting to wonder if we are beyond the point of being able to cut printing. Not like "we don't have the political will", but like "the structure of the monetary system will collapse unless we keep printing".
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I learned recently that Canada had zero bank failures between 1930 and 1933. USA had over 9000 during the same period.
Canada did not have a central bank before 1935.
The country with no central bank had zero bank failures, coincidence or causation?
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Golden age in America according to Milton Friedman
No income tax
Government spending was small
Open immigration because welfare didn’t exist
Immigrants actually wanted to assimilate and learn English
1897 commemorated the diamond 💎 jubilee for queen Victoria in England
USA also surpassed Great Britain as the largest economy
The greatest gains in life expectancy happened during this period
Peace and prosperity
The Spanish American war in 1898 was a trivial diversion
Edit: I forgot to add it was also the most charitable and philanthropic period. Schools and universities and hospitals were built and established. Red Cross was established. Rockefeller and Carnegie and Ford were great entrepreneurs and philanthropists
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