Let's all take a moment to understand how self-serving it is for OpenAI, Anthropic and other execs of big hyperscalers to talk of slowing things down. 1. LLMs are not AI and won't be AGI. There is nothing AI to slow down. 2. Competition is coming up fast, slowing benefits incumbents. 3. IPOs need hype & puffery; "we are so awesome it could become dangerous" is hype & puffery 4. Cover for real uncontrollable slowing growth as IPOs look to be pushed out

The jumpers started at 8:46. Networks had the tape. They hid Americans choosing the air over the fire. Then they spent 25 years treating the word Islam like a crime. The footage was “too graphic.” The truth was forbidden. This day is stamped in my heart forever...

BREAKING: The US dollar has lost 97% of its purchasing power since the Federal Reserve was founded in 1913

BINGO 🎯 @drdrew explains why American men are now going overseas to find a girlfriend 👇

European tech is simply unstoppable. It's over for Silicon Valley

Here are the most important lessons from the Austrian School of Economics in one post: The entire edifice of modern economic policy rests on a lie: that a group of planners can manage an economy better than the people living in it. Start with value. Nothing has value in the abstract. You value a glass of water differently when you're drowning than when you're dying of thirst in the Sahara. Value lives inside individual human minds, not in objects, not in labor hours, not in government decree. Every price control, every subsidy, every centrally administered wage floor ignores this and produces predictable wreckage. Money didn't come from a government committee. It emerged spontaneously from markets, as traders across centuries converged on commodities like gold and silver because they held value across time and space. Governments didn't invent money; they hijacked it. Inflation is the expansion of the money supply itself. Rising prices are the symptom. When the Federal Reserve expanded its balance sheet from roughly $4 trillion to nearly $9 trillion between 2020 and 2022, the price explosion that followed wasn't a mystery. It was the direct, mechanical consequence of that expansion. The Fed caused it. Prices do something irreplaceable: they transmit information across millions of actors simultaneously. When lumber prices spiked in 2021, builders across North America cut waste and sought alternatives without a single bureaucrat issuing a memo. No central planner can replicate that signal, because no central planner possesses the knowledge embedded in it. This connects directly to the knowledge problem. You know your neighborhood, your suppliers, your customers, your own tolerance for risk. Your competitor knows his. A bureaucrat in Washington knows none of it. The knowledge required to run an economy is dispersed, personal, and contextual. It cannot be extracted, aggregated, and fed into a planning model. The Soviet Union ran that experiment for seventy years and produced chronic shortages of basic goods. Bad businesses must be allowed to fail. When they fail, they release labor, capital, and resources to producers who will use them more effectively. When Washington handed General Motors $49.5 billion in 2009 to prevent exactly that process, it kept misallocated capital locked inside a failing structure and punished every competitor who had managed their business responsibly. Every function government performs, a voluntary market arrangement performs better: faster, cheaper, and responsive to actual human preferences rather than political incentives. Education, roads, security, dispute resolution, all of it. Government agencies face no profit and loss signal, no competition, and no mechanism to reward performance. They optimize for budget preservation and political survival, and the people using the service have no exit option. The political class and the central banking apparatus that sustains it are the villains. Both benefit directly from the idea that expert management beats voluntary exchange. They will not surrender that idea willingly. What would you add?