"Honestly, this feels like a disaster. Who actually benefits from this? Is the economy growing? Are companies truly growing? Are employees earning higher wages?" Obviously the issue is complex, but there is a subtle impact of fiat standard impacting economic thinking to the

In some sense, capitalism and socialism supposedly have the same goal. In a "real" capitalist system, businesses are supposedly competing to drive profit margin down to 0. All profits are supposed to be temporary until competition remove the arbitrage away. The end results are

It is not very healthy for the financial system to behave like this. Normally index funds are long-term investment because it bets on the overall economy, but it is only good long-term if you actually get to the long-term. Tariff is a policy that has genuinely long-term

Unfortunately it is not possible to have one unless the database rewards the token as an incentive to the miners who protect the database. Any additional use case will subsume the money use case in the form of higher fee and less decentralization. Monetary maximalism and

Blocking is not censorship (The only legit form of censorship is the right not to listen). But it does speak to the intellectual integrity of a person where one cannot handle opposing view points and be able to acknowledge when the other side is correct. Conversation and debate

The American Elites really should understand what losing to the Houthis really means. It is equivalent to the British Empire failing to take back the Suez Canal from Egypt. The American Empire is over, and the USA is lucky that it got out without much reputation damage and a

I love what Arnaud said here about internal reforms. A moral act only has full morality if it is done out of genuine free will of that person or that society. Attempting to force your own morality like "democracy" onto the others is, ironically, a deeply authoritarian act. If

We got EXTREMELY LUCKY that we got out of our war with the Houthis relatively unscathed with shipping lanes restored and reputation in tact. This was the equivalence of Suez Canal 957 when Britain realized she has lost her empire. I can only hope that Trump understands the

It is hella impressive China prints this much money and still don't have much inflation at all. The economy is truly productive.

I don't think this is necessary but there is wisdom about getting to the habit of doing the right things by doing the right small things. If you can't do small things right, how can you do big things right?

One thing I learnt from studying Bitcoin is that a lot of people have a very cursory understanding of what actually makes Gold an important financial asset. Those who understood Gold deeply tend to be at least more open to Bitcoin's strength. Those who understood Gold shallowly

Trump's tariffs deal are extremely good for Vietnam. 20% for direct tariffs, 40% for transshipment (meaning goods from other country that temporarily transit through Vietnam). Vietnam benefits from both number. 20% direct tariff is lower than China (about 51.6% currently), and

AI may increase the supply of almost everything, causing a general retail deflation. Banks, whether run by AIs or not, will increase the supply of fiat currencies. And I can imagine robot mining equipment increasing the supply of gold. Bitcoin is another matter.

Deflation is the very purpose of economics: producing more goods and services in the market. Businesses tried their hardest to innovate all to make their product cheaper to build. They either keep the extra money for themselves or, under market competition, reduce the price.

Printing money is justifiable if it produces more goods and services than the amount printed, allowing other people to do everything cheaper. In other words, it causes deflation. Examples include: New energy facilities, better roads, better infrastructure, better trains, etc

The missing part is the energy part

Fierce competition aside, the two countries are really doing so much good for the world with this level of competition. Their development in many way, is actually synergistic and mirror the early US software development, where the big US companies have market share benefits but

I was initially skeptical of VC joining the government but Sacks has done a fantastic job keeping the US ahead in the AI games vs. China. He has done most things right regarding developments and data centers. The missing piece is energy but that is also the DOE as well, not just

They retaliate while eating burgers haha

The frustrating thing about this whole charade is that population collapse is a genuine concerns for both China, the US and much of the world. The incoming housing bubble in Vietnam will certainly create the same situation. We all have to think this through carefully. But