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    • The Decline of State Capacity and the Emergence of American AnarchyThe US is experiencing a decline in state capacity, leading to an emergence of American anarchy marked by a loss of trust in institutions, power outages, supply chain shortages, violence, and societal divisions. It is crucial to acknowledge this and work towards building a better future.

      There is a decline in state capacity in the US, regardless of political party. This reduction in state capacity is evident during both the Trump and Biden administrations. The speaker, Balaji Srinivasan, initially expected a new government to have total control and implement surveillance tactics, but both administrations have fallen short of that. Instead, what is emerging is a state of American anarchy, where institutions are losing trust and power outages, supply chain shortages, violence, and societal divisions are on the rise. This transition towards anarchy may not be fascism or communism, but rather a chaotic world where concepts of freedom and equity are taken to extremes. Moving forward, it is important to recognize this unbundling of power and consider how to build a better order in the future.

    • Unintended Consequences and Government Insecurity: Canada's Financial Controls BackfireCanada's implementation of financial controls led to a PR disaster, showcasing government insecurity and lack of trust. The centralized state power and resistance caused harm to certain groups, while the COVID-19 impact was fortunate.

      Canada's implementation of unprecedented financial controls had unintended consequences, particularly in relation to social media censorship. This resulted in a significant PR disaster for Canada, leading to negative perceptions abroad. The government's decision to enforce these controls showcased their insecurity and lack of trust in the public. Additionally, unlike in the US where the coordination of corporations can be seen as private decision-making, in Canada, the government had to push companies to comply, highlighting the centralized state power, which people are often skeptical of. Furthermore, these actions caused resistance and harmed certain groups, such as truckers. It is important to note that the conversation also touched on the COVID-19 pandemic, with the speaker emphasizing the importance of vaccines and the fortunate outcome that the virus's impact was not as severe as initially feared.

    • Personalized Medicine and Genetic Information: Empowering Individuals in Healthcare Decision-making.Personalized medicine, incorporating personal genomics and regression algorithms, can provide transparency and empower individuals to make informed decisions about vaccines and healthcare based on their unique genetic characteristics.

      Personalized medicine and genetic information can play a crucial role in making informed decisions regarding vaccines and healthcare. Different individuals have different drug responses and genetic variations can impact immunity. By incorporating personal genomics and regression algorithms, individuals can assess their likelihood of susceptibility to diseases like COVID-19. This approach moves away from a one-size-fits-all approach and allows individuals to make decisions based on their unique characteristics. Having access to personal genetic data, understanding the underlying raw data, and being able to evaluate the equation used to calculate risk can provide transparency and empower individuals to make informed choices. Rather than relying on mandatory or voluntary vaccine policies, leveraging personalized medicine can help individuals navigate healthcare decisions effectively.

    • The limitations of bureaucratic boundaries and the advantages of machine learning in decision-making and persuasion.Relying on evidence and independent replications is crucial in science, rather than just following the latest papers or relying on prestigious citations. Substance should take precedence over hidden data and methods.

      There is a difference between seeing like a state and learning like a machine. Governments create classifications and categories to make the population legible and manageable, but these bureaucratic boundaries cannot accurately model the complexity of human beings. On the other hand, machine learning can draw much more smooth and continuous decision boundaries because it can consider numerous variables and make data-driven predictions. When it comes to decision-making and persuasion, it is important to rely on evidence and independent replications, rather than just following the latest scientific paper or relying on prestigious citations. Science should be based on the substance of independent replication, rather than the form of hidden data and methods.

    • Shifting the Focus: Going Beyond Proxies and Understanding the Original IntentIn western society, we need to shift our focus from proxies to underlying variables in order to make informed decisions and take meaningful actions. Understanding the processes behind the information we receive is crucial.

      There is a fundamental problem in western society where we focus too much on proxies instead of the underlying variables. We tend to lose sight of the true meaning behind these proxies, leading to misguided decisions and actions. Whether it's using backlinks as a measure of search quality or relying on citations as a measure of scientific replication, we need to shift our focus back to the original intent. Science should be about independent replication, not just prestigious citations. We should strive to go beyond the surface level and dig deeper by analyzing the code, data sets, and figures. Furthermore, we need to question the information supply chain and ensure that academia continues to play a vital role in informing government decisions. Reproducible research, where papers are essentially databases with code, can help address some of the challenges in communication and training new researchers. In order to make informed decisions, we must understand the processes behind the information we receive.

    • The Potential of Reproducible Research, Open Access, and Blockchain Technology in AcademiaThe integration of reproducible research, open access, and blockchain technology has the potential to revolutionize academia by ensuring transparency, accessibility, and reliability of scientific information.

      Reproducible research and open access are important concepts in academia. Reproducible research allows for the rebuilding of a PDF from code and data, ensuring the transparency and accuracy of published work. Open access ensures that research is visible to the public without requiring expensive journal subscriptions. The combination of these concepts with blockchain technology offers the potential for truly reproducible and globally accessible research. It allows for permanent archiving of code and data, preventing any manipulation. Additionally, it enables citations to become function calls, providing more precise and traceable references. This approach has the potential to revolutionize the way research is conducted and cited, eliminating academic urban legends and ensuring the reliability of scientific information.

    • Enhancing Reproducibility and Accountability in Scientific Research through Blockchain Technology and Data Validation.Implementing a reproducible research format and utilizing blockchain technology enables auditable and externally verifiable scientific papers, ensuring data analysis, premises checking, and detection of fraudulent information for truly reliable research.

      There is a need to bring dependency management and reproducibility into the management of scientific papers. By putting scientific literature in a reproducible research format and recording it on a blockchain, it becomes auditable and externally verifiable. This allows for the analysis of data, checking of premises, and the detection of any fraudulent or inconsistent information. Although not all aspects of scientific experiments can be replicated locally, the digital parts can be easily reproduced, providing some level of confidence. Furthermore, the implementation of instruments that stream data to the cloud along with metadata can enhance the validation process and identify any spurious correlations. By integrating these measures, the scientific community can work towards achieving truly reproducible research.

    • Establishing Data Integrity and Overcoming Taboos in a Culture of ConformityBuilding a secure chain of custody for data is essential in a society where trust is lacking. Overcoming taboos and promoting independent thinking are crucial for challenging the status quo and fostering critical thinking.

      Building a chain of custody for data is crucial. By auditing and hashing data at the time of collection, we can establish a system that is difficult to falsify. This is important in a society where trust is low and elites have made numerous mistakes. The conversation also highlights the accumulation of misinformation and the impact of taboos within society. In the case of the lab leak hypothesis, speaking the truth was initially taboo, but eventually became more acceptable. The establishment tends to practice a "school of fish" strategy, where repeating what everyone else is saying provides safety in numbers. This consensus algorithm can stifle independent thinking and penalize those who challenge the status quo. Ultimately, the blame lies with a culture that rewards conformity over critical thinking.

    • Embracing Decentralization and Blockchain for a Transparent and Collaborative Scientific CommunityEmbracing decentralization and leveraging blockchain technology can make science more collaborative, transparent, and independent while providing alternative funding opportunities and solving issues of name ambiguity in academic citations.

      There is a need to decentralize the scientific community and make research more accessible and transparent. The traditional centralized approach to science, with its reliance on official institutions and grants, has led to limitations and biases. By embracing a decentralized model, with reproducible research, open access, on-chain citations, and crypto instruments, the scientific community can foster greater trust and inclusivity. Furthermore, using NFTs and personal tokens can provide alternative funding opportunities for labs and researchers, allowing them to pursue interesting projects outside the traditional academic track. This shift towards decentralization also offers benefits like unique identity and improved credit attribution, solving issues of name ambiguity in academic citations. Overall, by embracing decentralization and leveraging blockchain technology, science can become more collaborative, transparent, and independent.

    • From Fiat to Crypto: The Transition to Trust and Fact-Based InformationThe shift to crypto information promotes trust and focuses on facts rather than personal attacks. It is supported by reproducible research, open access, on-chain citation, and digital signatures, but Western establishment faces challenges due to alienation and coalition-breaking.

      There is a shift happening from fiat information to crypto information. In the crypto world, trust is established through a web of trust and publishing can be done suitonymously or even anonymously, which emphasizes the focus on facts rather than attacking individuals. This transition is supported by several key factors in the crypto space, including reproducible research, open access, on-chain citation, crypto instruments, digital signatures, on-chain monetization, and Signuity. However, the conversation also highlights the challenges faced by the Western establishment, who have engaged in simultaneous fights with various factions, both domestically and internationally. Their approach has led to alienation and coalition-breaking, resulting in a chaotic form of control that differs from the more organized approach seen in countries like China.

    • Unmasking the True Motives and Biases of Media CorporationsIt is crucial to scrutinize media outlets and consider their underlying motivations and alliances in order to accurately assess their credibility and objectivity.

      Media corporations, such as the New York Times, often present themselves as defenders of free speech and truth, yet their true motives and biases may be obscured by their ownership and financial interests. The conversation highlights the influence and control that wealthy families, like the Salsbergers, have over media outlets through nepotism and inherited power. The media's selective investigation of powerful individuals and corporations further raises questions about their integrity and independence. This exposes the corrupt nature of the information supply chain, where academia, media, and government entities are intertwined and compromised. It is important to critically analyze the information presented by media outlets and understand their underlying motivations and alliances in order to truly assess their credibility and objectivity.

    • Shifting to Citizen Journalism: Embracing Individual Voices in MediaEmbracing independent voices in journalism allows for unique perspectives but may also lead to extreme views. However, it highlights the need for a shift from static categorizations to dynamic understandings of the world.

      The landscape of journalism and media has shifted towards citizen journalism and independent voices. Platforms like Substack and newsletters offer individuals the opportunity to write in their own voice and avoid being canceled. Additionally, there is an incentive for these individuals to stand out and provide unique perspectives, rather than simply fitting into the crowd. However, this push for differentiation can also lead to extreme views as people strive to stand out. The conversation also highlights the historical context of media centralization and the decentralization brought about by technology. The current political system may see independent media as a threat to their power, but their lack of competence prevents them from effectively using that power. Overall, the conversation suggests a need for a shift in mindset from static categorizations to dynamic understandings of the world.

    • Adapting to the Changing Times and Allocating Capital WiselyStay ahead of the changing world by being aware, adapt to the new technologies and opportunities, and wisely allocate capital for venture capitalists and angel investors.

      The world is rapidly changing, and it is important to be aware of these changes in order to stay ahead. Being a venture capitalist or angel investor requires the skills of scanning and scoring potential opportunities, as it is not possible to invest in all of them. Capital allocation becomes a crucial factor in this process. The conversation also highlights the different approaches to censorship taken by China and the US, with China implementing centralized choke points early on, while the US struggles to retroactively control the internet. It emphasizes the rising cost and difficulty of censorship once it is out of the bottle. The conversation also touches on the historic scarcity of distribution and how technology, such as social media and cryptocurrency, has democratized the ability to broadcast and start companies. The conversation serves as a reminder to adapt to the changing times and use available resources wisely.

    • The Battle Between Networks and States: Free Speech and Technological AdvancementsPractical speech is a powerful tool, and technological advancements like blockchain are challenging old regulations. Western governments may struggle to adapt and allocate resources efficiently, potentially losing the battle against the network.

      There is an ongoing battle between the network (represented by the global tech and crypto elite) and the state (represented by national elites and politicians). The conversation highlights the issue of free speech and distribution of information, emphasizing that practical speech is a powerful tool that people strongly react to when taken away. The conversation also points out the massive decentralization of speech and distribution due to technological advancements like blockchain, challenging old regulations and emphasizing the need to adapt to changing technological environments. Furthermore, it suggests that Western governments may ultimately lose this battle against the network, as they are poorly organized, fail to anticipate future outcomes, and inefficiently allocate resources.

    • The impact of ideology on attracting top talent and shaping successIdeologies that align with the interests of talented individuals and the majority of the population are more likely to succeed, while those that drive them away hinder creativity and innovation.

      Ideology plays a crucial role in attracting top talent and shaping the success of a nation or organization. Balaji Srinivasan highlights how the ideologies of certain entities, such as the CCP and the NYT, are driving away talented individuals and founders due to expropriation or blame. As a result, only middle managers who follow orders remain, lacking creativity and innovation. On the other hand, ideologies that align with the interests of the elite, like web 3 and crypto, are attracting intelligent individuals who see the potential for success and financial gain. This conversation also emphasizes the importance of building a high trust society where the elites are representative of the people's interests and not seen as ruling alien figures. Ultimately, ideologies that resonate with the talented individuals and the majority of the population are more likely to succeed and thrive.

    • Shifting Global Power Dynamics and the Rise of Russia's TacticsUnderstanding the changing landscape of global power dynamics is crucial, as countries like Russia showcase their potential in guerrilla warfare and highlight the distinct ideologies that may not always align with their countries.

      There are shifts in global power dynamics, with the West declining and other countries rising. Russia's recent actions in Ukraine serve as an example of this shift. It is suggested that Russia has the potential to win guerrilla wars and is more ruthless in its tactics compared to the US. The conversation also highlights how ideologies like woke America and Soviet Russia are distinct from the countries they represent. The speaker acknowledges the complexity of the situation and strives to see the world as it truly is. Additionally, the conversation discusses how some countries have become vaccinated against socialism or communism, which negatively impacted them in the 20th century. Overall, this conversation reveals the changing landscape of global power relations and the need to understand these shifts.

    • The Impact of Communism on Wars, Global Politics, and Changing IdeologiesThe detrimental effects of communism on populations and the role of changing ideologies in the digital age suggest that popularity, rather than effective policy-making, is becoming more important in the current context.

      Communism played a significant role in causing wars and influencing global politics. The conversation highlights how Soviet spies were used to push the US into confrontation with Japan, rather than having a flanking attack on both sides. Furthermore, communism had detrimental effects on the Russian and Chinese populations, setting back industrial civilization for decades. While countries like China have shifted towards a more capitalist approach, Western Europe and the US are now facing the influence of "wokeness," characterized by online shaming and mass hysteria. However, this ideology is not optimized for the changing digital landscape, where pseudonymous cryptocurrency and international interactions reshape conflicts. This suggests that, in the current context, winning refers more to popularity rather than effective policy-making.

    • The Digital Conflict: Invading and Controlling Minds in the Information AgeIn the age of social media, manipulating public opinion has become the new battleground. However, history warns us to be cautious as significant control can lead to potential backlash.

      The battlefield has shifted from physical territory to the realm of the mind and information. In today's digital age, victory lies in invading and controlling the thoughts and beliefs of individuals. This information war takes place online through social media platforms and mainstream media. Tactics such as unbanking, canceling, and deplatforming are used to silence opposing voices and manipulate public opinion. The focus is on hashtags, language, and signaling, as they serve as tools to invade and control the minds of others. The goal is to capture people's thoughts and make them align with a particular narrative. However, history has shown that there can be a backlash against those who have gained significant control. Just like in the past, when bandwagon attacks brought down powerful empires, it is important to recognize the potential consequences of this digital conflict.

    • Web 3: Decentralization and Unanimity against Cancel Culture and DiscriminationWeb 3's decentralized nature allows individuals to avoid cancellation and discrimination by rebooting under different identities, fostering transparency and accountability while appealing to a moral case for inclusiveness.

      Web 3, with its decentralized nature, provides a tougher terrain for "wokeness" compared to centralized social media. In web 3, cancellation is not permanent as individuals can reboot under different identities, preventing both cancellation and discrimination. This approach appeals to a strong moral case, as it aims to avoid unconscious bias and discrimination. By utilizing the same premises that are often cited for blind auditions, ban the box policies, and other non-discriminatory practices, a left-right coalition can be formed around the concept of unanimity. Furthermore, the moral case for decentralization strengthens the argument, as compromised centralized platforms can be countered by open state and open execution in crypto. In web 3, code, data sets, and opcodes are publicly accessible, ensuring transparency and accountability.

    • The Decentralized Nature of Web 3: Empowerment, Transparency, and ResistanceWeb 3 technology has the potential to empower individuals globally, promote transparency, and prevent undue control by centralized entities, providing alternatives to traditional financial systems and increasing accessibility.

      The decentralized nature of web 3 technology provides various benefits. Firstly, it allows for non-transparent algorithms to be visible and reduces the risk of being locked out. Second, it ensures censorship resistance, as no single person can prevent others from participating. Third, it provides an anti-establishment element by offering alternatives to traditional financial systems. Fourth, the international constituency for web 3 is growing rapidly, enabling individuals from countries with limited opportunities to participate and trade. Fifth, the monopolization of web 3 platforms is challenging due to its built-in monetizability and resistance to centralization. Overall, the conversation highlights the potential of web 3 technology to empower individuals globally, promote transparency, and prevent undue control by centralized entities.

    • The Split in Ideologies over Web 3 and its Impact on SocialismWeb 3's emergence has divided ideological groups, with nationalists and socialists opposing cryptocurrency, while libertarian factions support it. This split reshapes socialism as an opt-in community, challenging the state's provision of socialist benefits. The conversation also delves into the pursuit of consent in society, questioning the nature of democracies and the influence of military actions.

      Web 3 is causing a split between different ideological groups. The nationalists and socialists are against cryptocurrency, while the libertarian left and libertarian right are in favor of it. This split is redefining socialism as an opt-in web 3 community. Web 3 is outbidding the state by providing more actual money and community than the state's pretense of providing socialist benefits. Both sides, the progressives and libertarians, feel like they're getting a great deal, which is the basis for a sustained relationship. Furthermore, the conversation explores the concept of a 100% democracy versus a 51% democracy, where the goal is to achieve a higher level of consent in society rather than just a bare minimum approval. The conversation also questions the true nature of democracies and highlights the influence of military actions on democratic processes.

    • Evaluating the Democratic Nature and Potential of BitcoinThe current political system may lack true democracy due to limited public say, while Bitcoin's legality and freedom to transact can define democracy, potentially challenging the power of individual governments.

      The current political system may not be a true democracy in the sense that the people have limited say in important decisions. While elected officials hold some positions, the permanent government, composed of federal employees and influential individuals in media and academia, remains constant regardless of elections. This lack of accountability to the electorate raises questions about the democratic nature of the system. Additionally, the legality and freedom to transact with Bitcoin can serve as an operational definition of democracy, as it allows individuals the freedom to exit and engage in economic activities. If Bitcoin is restricted or not legal, it suggests a limited or flawed democracy. Bitcoin has the potential to become a decentralized global government that limits the power of individual governments.

    • The Influence of American Military Alliances on Democracy and the Tension between State-induced Inflation and Technology-induced Deflation.Democracy is often shaped by a country's alignment with the US government, while the tension between state-induced inflation and technology-induced deflation impacts the prices of goods and services, potentially revolutionizing physical construction in the future.

      The term "democracy" is closely tied to American military alliances. This is evident when looking at the map and realizing that most democratic countries either have a history of being a UK colony or host a US military base. This perspective sheds a new light on the concept of democracy, suggesting that it is influenced by the alignment and reliability of a country with the US government. Additionally, the conversation delves into the topic of housing, highlighting the dynamic between state-induced inflation and technology-induced deflation. The state seeks to maintain the status quo by propping up mortgage prices, while technology aims to lower costs through automation and disruption. This tension between inflation and deflation shapes the prices of physical goods and digital services, with the Federal Reserve playing a pivotal role in influencing various sectors of the economy. Looking ahead, advancements in technology may lead to a future where almost everything, including housing, can be "printed out" through robotic processes, revolutionizing the way we think about physical construction.

    • Two Visions for Housing Revolution: Robotics and Cloud-based LivingRevolutionizing the housing market through robotics and cloud-based living can make luxurious environments accessible to everyone, but challenges like initial inflation and legacy wealth must be addressed with balanced private-government control and corruption-free systems.

      There are two visions that aim to revolutionize the housing market and reduce its dependency on location. The first vision involves the use of robotics to drastically lower construction costs and increase quality, allowing for luxurious environments accessible to everyone. The second vision focuses on the commoditization of land and the reduction of dependence on specific places through cloud-based living, which promotes mobility and reduces housing prices. However, it is predicted that there may be an initial upward inflation before these visions can be fully realized. Additionally, there is a discussion on the challenges of legacy wealth, with concerns surrounding nepotism and the potential negative impact of advocating for socialism to maintain status. The speaker suggests that finding a balance between private and government control, as well as implementing focused and incorruptible systems, could be potential solutions.

    • Rethinking Education: Continuous Learning for Practical Skills and Crypto Credentials.A continuous learning model intertwining education and earning through crypto credentials can provide practical skills, eliminate debt, and adapt to high-demand skills, leading to a flexible and impactful approach to education.

      The current educational system is flawed and needs to be reimagined. It is designed for conformity and ideological indoctrination rather than practical skills and learning. The solution proposed is a continuous learning model where education and earning are intertwined. Individuals would earn crypto credentials on chain for every act and constantly build their portfolio of skills and accomplishments. This would eliminate the need for debt and provide useful skills for the job market. By analyzing on-chain compensation, individuals can identify high-demand skills and focus their learning accordingly. Additionally, this model emphasizes the ongoing maintenance of knowledge rather than a one-time learning at a young age. Overall, the proposed system aims to provide continuous learning, practical skills, and a flexible approach to education.

    • The Solution to State-Controlled Education: Decentralization and CustomizationShifting the focus from extensive education to practical experience and remuneration can lead to early productivity and skill development in individuals, allowing them to start working on real tasks and developing skills earlier.

      Decentralization and customization of education can lead to early productivity and skill development in individuals. Balaji Srinivasan argues that state-controlled media is often criticized, but state-run education systems are considered good without a clear explanation. He suggests that if we believe both are bad, decentralization is the solution. He highlights how in the past, children in large families would work on farms and become productive from a young age. The era of child labor and subsequent child labor laws led to an exaggerated period of adolescence and an extended education timeline. However, with the ability for kids to make money from home and be supervised, they can start working on real tasks and developing skills earlier. The focus should shift from extensive education to practical experience and remuneration. Recognizing talent is best done by looking at individuals' portfolios and what they have actually accomplished.

    • Evaluating Abilities and Character: Achievements, References, and Online PresenceWhen forming judgments about a person, it is important to consider their best work, references, and online behavior as indicators of intelligence, dedication, and ethics.

      When evaluating someone's abilities and character, their achievements, references, and online presence are crucial factors. Firstly, one's intelligence and expertise can be seen through their best work, be it an open-source project, design, or blog post. Secondly, their persistence and dedication can be assessed through references and their track record over time. Thirdly, their ethics and integrity can be observed through their online behavior, particularly on platforms like Twitter. It is essential to consider these three aspects when forming judgments about a person. Furthermore, the conversation highlights the power dynamics associated with social media platforms and their potential for impacting global politics. This raises the importance of decentralization and the emergence of national stacks and neutral protocols in the tech industry.

    • India's Potential as a Digital Powerhouse and the Emergence of National Stacks and Neutral ProtocolsIndia's increasing internet connectivity and its adoption of web 3 services position the country to become a major player in the digital space, potentially reshaping the balance of power internationally.

      India's increasing internet connectivity and the willingness of its people to migrate and build web 3 services gives the country a competitive advantage. While China and parts of the US may face limitations in this area, India has the potential to become a major player in the digital space. The conversation also highlights the concept of national stacks and neutral protocols. National stacks refer to localized versions of platforms governed by regional language groups, while neutral protocols represent global international law. This shift towards decentralized protocols has the potential to reshape the balance of power between nation-states and tech companies. While it is not certain, there is a chance that the future may witness a competition between a centralized China and an international India. Historical analogies teach us that predictions made today may not always align with the outcomes in the future, but observing population growth can provide some insights.

    • Challenges and a Shift in the United StatesThe United States is facing internal and external pressures, and there is a possibility of financial secession. Embracing the future instead of resisting it and focusing on American culture may lead to a successful transition. Different views on isolationism and the impact on the rest of the world are predicted.

      The speaker believes the United States is in a state similar to the British and Soviet empires. They argue that the western system is showing cracks from both internal and external pressures, such as hyperinflation or military defeat in Ukraine. The possibility of financial secession, where individual cities and states break away from the former US, is also mentioned. The speaker suggests that certain regions like Texas, Florida, and Colorado may fare well by embracing the future instead of resisting it. They compare the transition from the USSR to Russia to the intended transition from a collapsed US to America, emphasizing a shift from global empire to a focus on American culture. Different views on isolationism and the impact of the US on the rest of the world are predicted.

    • China's progress and strengths on the global stage.Recognizing China's achievements and capabilities as a competitor is crucial for effective competition in a changing global landscape.

      China has made remarkable progress in terms of infrastructure development, manufacturing, and military strength, despite concerns about human rights issues. The discussion highlights how China's ability to coordinate and build things in the physical world sets it apart, making it a formidable rival on the global stage. While criticisms of the Chinese government are acknowledged, it's important to recognize the accomplishments they have achieved for their people. This conversation also emphasizes the need for a realistic understanding of China as a competitor rather than underestimating their capabilities. The US and the West should acknowledge China's strengths, such as their shipping operations and potential for innovation, in order to effectively compete in a changing global landscape.

    • China's Manufacturing Prowess and Cultural Orientation Towards Physical Building Gives It an Edge on the Global StageChina's expertise in manufacturing and physical building, along with its centralized internet control, positions it as a major player in international relations and poses challenges for the West.

      China's ability to excel in manufacturing and build in the physical world has significant implications for its power and influence on the global stage. Balaji Srinivasan argues that the West, including the US, lacks the same level of expertise and cultural orientation towards physical building, as they are more accustomed to working with keyboards and phones. This not only affects their capacity to compete with China in manufacturing but also has broader consequences in infrastructure development and government decision-making. Additionally, the centralized nature of the Chinese internet gives them a strategic advantage in terms of control and influence, while the Western focus on web 3 and decentralization presents a different approach. Overall, China's manufacturing prowess, combined with its size and sense of civilization, makes it a formidable player in international relations and security.

    • India: Emerging Superpower in Tech and MediaIndia's rapid growth in technology and media sectors, along with its competent workforce and stability, positions it as a potential global powerhouse between China and the US.

      India is rapidly gaining strength in both technology and media, positioning itself as a potential superpower. While China is known for its competence in tech and manufacturing, India is emerging as a hub for tech unicorns and exporting successful tech CEOs. Additionally, India is making significant strides in the media industry, with back-end animation for major Hollywood films being done in New Delhi and Indians achieving success in various fields such as politics, law, and show business. This growth in India's tech and media sectors has far-reaching implications, as it is projected that most English speakers on the internet and followers on social media will be Indian. India's competence in these areas, paired with its ability to keep the lights on and provide a stable base for its people, positions it as a "goldilocks" country between China's competence and the US's incompetence.

    • The Changing Landscape of Media and Opportunities in the Digital AgeThe media landscape is evolving with new platforms like Substack and opportunities in the metaverse, giving content creators more control. Countries like India are becoming influential, while Facebook's founder-led approach sets it apart from other tech giants.

      The US media has lost its plot and is saturated with predictable narratives and ideologies. Legacy media outlets like Teen Vogue and Sports Illustrated have abandoned their original niches and become platforms for spreading wokeness and ideological claptrap. This has created an opportunity for new players like Substack to offer different and diverse perspectives. Additionally, the emergence of the metaverse and web 3.0 has opened up new opportunities for content creators and crypto creators to have full control over their distribution and monetization. India, with its skilled population in various fields, is poised to excel in this new media environment. The influence on the English Internet is shifting towards a coalition of countries like India, Israel, Singapore, and Nigeria that have shared cultural references and a different approach than the US. Finally, Balaji Srinivasan believes that tech giant Facebook is underrated because it still has its founder, Mark Zuckerberg, who has a strategy for web 3.0 and the metaverse, unlike other big tech companies that have become "evil" and detached from their founders' original vision.

    • Google's Failure to Innovate and Adapt to Emerging TechnologiesGoogle's lack of bold innovation and adaptation to emerging technologies like blockchain could pose challenges for the company in the future, making it vulnerable to competitors.

      Google's exceptional AI and research prowess, particularly in projects like DeepMind, have not translated into significant advancements in their consumer products like Gmail and Google Docs. This lack of bold innovation and incremental improvements has made Google vulnerable in the face of emerging technologies such as Web 3 and cryptosocial networks. These new technologies, through the use of blockchains, offer simplified indexing and authentic identity verification, which could revolutionize search engines and social ranking systems. Google's failure to recognize and adapt to these advancements, such as not establishing a blockchain-based search engine or block explorer, suggests that the company may be overrated and cruising towards potential challenges in the future.

    • Recognizing Success in the Web 2 and Web 3 DomainsWeb 3 protocols and coins are crucial in today's landscape. Leaders in the web 2 space face limitations, while the potential of mathematics remains timeless.

      The speakers acknowledge the success of certain individuals and companies in the web 3 and web 2 domains. They recognize the achievements of leaders like Brian Armstrong at Coinbase and Toby Lucky at Shopify, who have performed remarkably well in their respective fields. However, they also emphasize the importance of web 3 protocols and coins in the current landscape. They consider the web 2 space to be more conventional and less exciting, with limited philosophical arguments. In terms of public company leaders, they believe that cultural and organizational constraints hinder their ability to truly lead. Additionally, they highlight the remarkable turnaround of Microsoft under Satya Nadella's leadership, labeling him as an underrated CEO. Lastly, the conversation concludes with the recommendation of Timothy Garris's book, "The Princeton Companion to Mathematics," emphasizing the timeless and valuable nature of mathematics as a subject.

    Recent Episodes from The Knowledge Project with Shane Parrish

    #199 Esther Perel: Cultivating Desire (2019)

    #199 Esther Perel: Cultivating Desire (2019)

    Few episodes in The Knowledge Project’s nine-year history have impacted people’s relationships and lives more than when Esther Perel shared her infinite wisdom for the first time in 2019.

    Shane and Esther discuss how the stories you tell yourself shape how you see the world (and what to do about that), the important conversations to have at the beginning of a relationship, the most common arguments couples have and how to prevent them, what to say to a partner if the relationship isn’t working out, the relationship between desire, love, and pleasure, and so much more. Plus, the conversation starts out on an interesting note: Esther Perel shares stories about her parents surviving the Holocaust and how their experiences shaped her childhood and continue to shape her life today.


    (00:00) Intro
    (02:38) Coming back to life after the war
    (08:09) The myth of stability
    (11:30) The power of reflections
    (19:48) Important conversations for early relationships
    (24:20) Can values change in relationships?
    (27:20) Being secure in a relationship
    (30:40) Better conversations with your partner
    (33:00) What's behind every criticism
    (36:52) Too much honesty
    (39:37) What happens if I don't love my partner
    (47:12) Why does good sex fade in relationships?
    (50:59) Love vs. desire
    (55:38) How to have difficult conversations with your partner
    (01:05:13) Conscious uncoupling


    Watch the episode on YouTube: ⁠⁠⁠https://www.youtube.com/c/theknowledgeproject/videos⁠⁠⁠

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    #198 Maya Shankar: The Science of Identity

    #198 Maya Shankar: The Science of Identity

    Shane Parrish and Maya Shankar dive into the complexities of identity and personal transformation. They explore how significant life changes can reshape one's sense of self and explain how to navigate these transitions. Maya shares her personal stories and tips on making proactive choices and keeping a flexible, layered sense of self. They also discuss the psychological and philosophical aspects of identity, offering practical advice on goal-setting and personal growth.
    Maya Shankar is a cognitive scientist and the creator, executive producer, and host of the podcast, A Slight Change of Plans. Shankar was a Senior Advisor in the Obama White House, where she founded and served as Chair of the White House Behavioral Science Team. She holds a Ph.D. in Cognitive Psychology from Oxford and a B.A from Yale.

    (00:00) Intro

    (02:40) Shankar's "almost unbelievable" story of getting into Julliard

    (05:30) Why Shankar studied identity

    (11:38) What is identity?

    (14:52) Using your identity to accomplish your goals

    (18:00) Using anti-identities to accomplish your goals

    (18:51) What to do when your identity is "attacked"

    (26:30) How to re-establish trust in institutions

    (32:30) Use identity to start a positive habit

    (35:35) How to debunk myths with stories and facts

    (37:18) How does how we frame our goals help (or prevent) us from accomplishing them

    (43:11) The one motivational technique Shankar uses every day

    (45:15) On success


    Watch the episode on YouTube: ⁠⁠https://www.youtube.com/c/theknowledgeproject/videos⁠⁠

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    #197 Michaeleen Doucleff: TEAM Parenting

    #197 Michaeleen Doucleff: TEAM Parenting

    It's surprising how often we give our kids orders: "Do this!" "Don't do that!" But if we want to raise resilient and independent kids, is this the right approach? Michaeleen Doucleff argues there's a better way, and in this conversation, she explains why and shares practical strategies for solving the parenting "crisis" in the modern world.


    In this conversation, Doucleff reveals four parenting principles that will help foster resilience and independence in your kids while protecting and enhancing their emotional well-being. Shane and Doucleff discuss her observations on how different cultures approach parenting and how their practices can help alleviate the burdens we place on ourselves and our children. We also explore the role of technology and its impact on our parenting and our children's development and maturity.
    Michaeleen Doucleff is the author of Hunt, Gather, Parent. Her work has taken her all over the world to explore, observe, and learn from the parenting practices of various cultures. She is also a correspondent for NPR's Science Desk.

    (00:00) Intro

    (04:12) How (and why) we've lost our way as parents

    (08:02) The rise of the nuclear family

    (13:46) TEAM Parenting: T

    (17:20) TEAM Parenting: E

    (23:01) Why you don't need to praise your child

    (26:12) TEAM Parenting: A

    (36:42) TEAM Parenting: M

    (38:34) "Kids do not need to be entertained"

    (39:12) Technology, parenting, and transmitting values

    (1:02:59) Resources parents can use to educate kids about technology

    (1:04:50) How you can use the environment to give kids autonomy

    (1:09:56) Success and parenting


    Watch the episode on YouTube: ⁠https://www.youtube.com/c/theknowledgeproject/videos⁠

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    #196 Brent Beshore: Business Brilliance and Happiness at Home

    #196 Brent Beshore: Business Brilliance and Happiness at Home

    Succeeding in both life and business is very difficult. The skills needed to scale a company often clash with those required to cultivate a thriving home life. Yet, Brent Beshore seems to have cracked the code—or at least he's actively working on it. In this conversation, he spills his secrets on excelling in both arenas.

    This episode is split into two parts: the first 45 minutes covers life and how to be a better person. Brent opens up about the evolution of his marriage, physical health, and inner life.

    The rest of the episode focuses on business. Shane and Beshore discuss private equity, how to hire (and when to fire) CEOs, incentives, why debt isn’t a good thing in an unpredictable world, stewardship versus ownership, and why personality tests are so important for a functional organization.
    After beginning his career as an entrepreneur, Brent Beshore founded Permanent Equity in 2007 and leads the firm as CEO. He works with investors and operators to evaluate new investment opportunities.


    Watch the episode on YouTube: https://www.youtube.com/c/theknowledgeproject/videos

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    (00:00) Intro

    (05:08) Why Brent examined his life

    (09:44) How Brent "fixed" his relationships

    (20:04) How helping hurts

    (32:13) How Brent was subtly controlling relationships

    (40:36) Why Brent stopped drinking (mostly)

    (50:29) How to run a business with love yet competitively

    (01:00:34) Win-win relationships

    (01:05:34) On debt

    (01:19:28) On incentives

    (01:29:08) How to hire and fire CEOs

    (01:34:18) What most people miss about hiring

    (01:44:19) Brent's playbook for taking over a company

    (01:51:20) On projections

    (01:55:52) Revisiting investments

    (01:58:44) How "hands-off" is Brent?

    (02:08:34) Where people go wrong in private equity

    (02:14:07) On success

    #195 Morgan Housel: Get Rich, Stay Rich

    #195 Morgan Housel: Get Rich, Stay Rich

    The skills it takes to get rich are drastically different from the skills it takes to stay rich. Few understand this phenomenon more than Morgan Housel. He's identified unique lessons about wealth, happiness, and money by studying the world's richest families and learning what they did to build their wealth and just how quickly they squandered it all.
    In this conversation, Shane and Housel discuss various aspects of risk-taking, wealth accumulation, and financial independence. Morgan explains the importance of understanding personal financial goals and the dangers of social comparison, lets everyone in on his personal financial “mistake” that instantly made him sleep better at night, and why the poorest people in the world disproportionately play the lottery—and why it makes sense that they do. They also touch on the influence of upbringing on financial behaviors, the difference between being rich and wealthy, and the critical role of compounding in financial success. Of course, we can’t have a writer as good as Morgan Housel on the podcast and not ask him about his process, so Housel concludes with insights into storytelling, his writing processes, and the importance of leading by example in teaching financial values to children.
    Morgan Housel is a partner at Collaborative Fund. Previously, he was an analyst at The Motley Fool. He is a two-time winner of the Best in Business Award from the Society of American Business Editors and Writers and was selected by the Columbia Journalism Review for the Best Business Writing anthology. He's the author of two books: The Psychology of Money and Same as Ever.
    Watch the episode on YouTube: ⁠https://www.youtube.com/c/theknowledgeproject/videos⁠

    Newsletter - I share timeless insights and ideas you can use at work and home. Join over 600k others every Sunday and subscribe to Brain Food. Try it: ⁠https://fs.blog/newsletter/⁠

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    Sponsors

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    (00:00) Intro

    (04:46) Risk and income

    (07:40) On luck and skill

    (10:10) Buffett's secret strategy

    (12:28) The one trait you need to build wealth

    (16:20) Housel's capital allocation strategy

    (16:48) Index funds, explained

    (20:59) Expectations and moving goalposts

    (22:17) Your house: asset or liability?

    (27:39) Money lies we believe

    (32:12) How to avoid status games

    (35:04) Money rules from parents

    (40:15) Rich vs. wealthy

    (41:46) Housel's influential role models

    (42:48) Why are rich people miserable?

    (45:59) How success sows the seeds of average performance

    (49:50) On risk

    (50:59) Making money, spending money, saving money

    (52:50) How the Vanderbilt's squandered their wealth

    (1:04:11) How to manage your expectations

    (01:06:26) How to talk to kids about money

    (01:09:52) The biggest risk to capitalism

    (01:13:56) The magic of compounding

    (01:16:18) How Morgan reads

    (01:22:42) How to tell the best story

    (01:24:42) How Morgan writes

    (01:35:42) Parting wisdom and thoughts on success

    #194 Abigail Shrier: The Parent-Therapy Trap

    #194 Abigail Shrier: The Parent-Therapy Trap
    Over the last decade, therapy has become the de facto solution to solve all sorts of problems for all sorts of people. Everyone has slowly accepted that therapy is normal and a net benefit to society.

    But instead of helping kids work through difficult circumstances, what if it's just making the problems worse? That's what Abigail Shrier thinks is happening, and in this conversation, she reveals some surprising reasons why.

    Shane and Shrier discuss the real reason therapy is "bad," how we got to this point of acceptance as a culture, and what you can do as a parent to get back to normalcy. Shrier also shares her experiences with lifelong therapy patients, who should actually be in therapy, and the one thing that makes someone a successful parent.

    Watch the episode on YouTube: https://www.youtube.com/c/theknowledgeproject/videos

    Newsletter - I share timeless insights and ideas you can use at work and home. Join over 600k others every Sunday and subscribe to Brain Food. Try it: https://fs.blog/newsletter/

    My Book! Clear Thinking: Turning Ordinary Moments into Extraordinary Results is out now - https://fs.blog/clear/ 

    Follow me: https://beacons.ai/shaneparrish

    Join our membership: https://fs.blog/membership/

    Sponsors:

    Shopify: Making commerce better for everyone. https://www.shopify.com/shane

    Protekt: Simple solutions to support healthy routines. Enter the code "Knowledge" at checkout to receive 30% off your order. https://protekt.com/knowledge

    (00:00) Intro
    (05:44) Inverse: How do we raise mentally unstable kids?
    (08:29) How we got to now
    (11:45) Bad therapy...or just social trends?
    (13:21) Being your kids' friend: good or bad?
    (15:55) The parenting type that raises the BEST kids
    (21:35) Is this all the parents' fault?
    (29:53) Is "Bad Therapy" a world-wide problem?
    (32:57) Talk to your kids' therapist about these things
    (42:09) The importance of facing adversity in childhood
    (47:06) Can we blame grad schools for all of this?
    (49:14) On technology and social media
    (51:03) Schools should "never" have gotten involved in mental health
    (54:43) Did COVID accelerate "bad therapy?"
    (56:07) How to return to normalcy
    (58:21) Why Shane shares negative YouTube comments with his kids
    (01:01:23) Shrier's experience being "cancelled"
    (01:04:13) On prestige media
    (01:07:47) Small steps parents can take to return to normal
    (01:11:02) Dealing with schools saying one thing and parents saying another
    (01:13:32) Why is the silent majority...silent?
    (01:16:32) If this continues, what happens?
    (01:18:19) What makes someone a successful parent?

    #193: Dr. Jim Loehr: Change the Stories You Tell Yourself

    #193: Dr. Jim Loehr: Change the Stories You Tell Yourself

    What if reaching the next level of success wasn't determined by another skill, degree, or course but by something that changed on the inside?

    That's what Dr. Jim Loehr believes, and in this episode, he reveals everything he knows about mental toughness and winning the mind game. Shane and Loehr discuss the radical importance of the stories you tell yourself—including how they can damage your kids—and how to change the negative stories you believe. Loehr also shares the best reflection questions to ask yourself to reveal personal blindspots, the importance of rituals for calming anxiety and performing under pressure, and how the best in the world use their recovery time effectively.

    Dr. Jim Loehr is a world-renowned performance psychologist and author of 16 books. From his more than 30 years of experience and applied research, Dr. Loehr believes the single most important factor in successful achievement, personal fulfillment, and life satisfaction is the strength of one’s character. Dr. Loehr possesses a masters and doctorate in psychology and is a full member of the American Psychological Association.

    Watch the episode on YouTube: https://www.youtube.com/c/theknowledgeproject/videos

    Newsletter - I share timeless insights and ideas you can use at work and home. Join over 600k others every Sunday and subscribe to Brain Food. Try it: https://fs.blog/newsletter/

    My Book! Clear Thinking: Turning Ordinary Moments into Extraordinary Results is out now - https://fs.blog/clear/ 

    Follow me: https://beacons.ai/shaneparrish

    Join our membership: https://fs.blog/membership/

    Sponsor:

    Protekt: Simple solutions to support healthy routines. Enter the code "Knowledge" at checkout to receive 30% off your order. https://protekt.com/knowledge

     

    (00:00) Intro

    (03:20) Parenting and storytelling

    (06:15) How to determine whether or not the stories are limiting or enabling you

    (08:41) What the stories world-class performers tell themselves

    (15:02) How to change the stories you tell yourself

    (23:26) Questions to journal about

    (26:16) Private voices vs. public voices (and how they impact your kids)

    (31:32) How to help your friends change their stories

    (37:30) How to better come alongside your kids to prevent destructive behavior

    (44:48) - (45:06) What Loehr knows about high performers that others miss

    (53:12) On time and energy

    (01:06:26) Conquering the "between point" ritual

    (01:11:50) On rituals vs. habits

    (01:15:54) How to increase your mental toughness

    (01:23:51) On success

     

     

    #192 David Segal: Yearly Planning, Daily Action

    #192 David Segal: Yearly Planning, Daily Action

    Working in a business and working on a business are two different things. Without the former, nothing gets done; without the latter, the wrong things get done. David Segal has a unique way of managing that tension, and this episode, he reveals all his business operating secrets and explains how he failed along the way.

    Shane and Segal discuss what entrepreneurship really is, where motivation comes from, and what Segal learned building a $200 million tea business. Shane and David also dive deep into the dark side of success and the radical depression that can strike when you get a big payday, life and business lessons they learned from Warren Buffett, and the value of time management.

    David Segal is the co-founder of Firebelly Tea. He’s also best known as “the David” of DAVIDsTEA. During his time at DAVIDsTEA, Segal grew the company from a single store to a $200 million retail giant. Segal left DAVIDsTEA in 2016 and started Mad Radish—a quick service restaurant concept. Mad Radish is all about providing healthy, gourmet fast foods. In 2021, Segal started Firebelly tea to create exceptional loose leaf teas tailored to modern living.

    Listeners of The Knowledge Project can receive a special 15 percent discount on Firebelly Tea products by heading to www.firebellytea.com and entering the code Shane15 at checkout.

    Watch the episode on YouTube: https://www.youtube.com/c/theknowledgeproject/videos

    Newsletter - I share timeless insights and ideas you can use at work and home. Join over 600k others every Sunday and subscribe to Brain Food. Try it: https://fs.blog/newsletter/

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    Follow me: https://beacons.ai/shaneparrish

    Join our membership: https://fs.blog/membership/

    Sponsor:

    Shopify: Making commerce better for everyone. https://www.shopify.com/shane

     

    (00:00) Intro

    (04:59) What entrepreneurship really is

    (07:10) How to manage your psychology

    (10:40) Yearly planning, daily action

    (15:50) Avoiding "ivory-tower syndrome"

    (18:30) Segal's childhood and background

    (25:15) The history of DAVIDsTEA and Firebelly

    (36:40) The evolution of tea and business over the last twenty years

    (42:30) On failures

    (49:00) Dealing with depression

    (52:30) Lessons about money

    (56:55) Business and life lessons from Warren Buffett

    (1:00:00) On time management

    (1:04:50) What's missing in Segal's life

    (1:08:39) On success

     

     

    #191 Dr. Rhonda Patrick: Diet Essentials For Healthy Living

    #191 Dr. Rhonda Patrick: Diet Essentials For Healthy Living
    Shane Parrish sits down with the renowned biochemist Dr. Rhonda Patrick to explore the intricate world of nutrition and health. Dr. Patrick provides a deep dive into the role micronutrients play in our daily health, detailing how deficiencies and insufficiencies in vitamins, minerals, fatty acids, and amino acids can lead to serious health issues over time. Shane and Dr. Patrick also discuss the science behind deliberate heat exposure. She outlines the optimal sauna conditions—temperature, duration, and frequency—necessary to achieve these health benefits and explains the physiological mechanisms at play.
     
    Rhonda Patrick has a Ph.D. in biomedical science and a Bachelor of Science degree in biochemistry/chemistry from the University of California, San Diego. She has done extensive research on aging, cancer, and nutrition.
     

    (00:00) Intro

    (04:40) A philosophy for nutrition

    (15:36) Micronutrients through supplements vs. food

    (25:43) Wild-caught vs. farm-raised fish

    (28:44) Organic vs. non-organic vegetables

    (36:14) On macronutrients

    (40:20) How protein levels differ in different foods

    (45:27) The best morning smoothie recipe

    (54:48) Dr. Patrick grades Shane's "GOAT" smoothie recipe

    (59:14) Grass-fed vs. non-grass fed

    (01:04:40) On vitamin D (Is sunscreen killing us more than the sun?)

    (01:19:48) Deliberate heat and cold exposure

    (01:44:27) Top three behavioral and diet interventions for life and health improvements

    Watch the episode on YouTube: https://www.youtube.com/c/theknowledgeproject/videos

    Newsletter - I share timeless insights and ideas you can use at work and home. Join over 600k others every Sunday and subscribe to Brain Food. Try it: https://fs.blog/newsletter/

    My Book! Clear Thinking: Turning Ordinary Moments into Extraordinary Results is out now - https://fs.blog/clear/ 

    Follow me: https://beacons.ai/shaneparrish

    Join our membership: https://fs.blog/membership/

    Sponsors:

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    #190 Brad Jacobs: Building a Business Empire

    #190 Brad Jacobs: Building a Business Empire
    Throughout his tenure, Brad Jacobs has built multiple billion-dollar companies. While there is no "playbook" for growing a business, he focuses on a few factors above all else in every company he operates, and in this conversation, he reveals them all.

    Shane and Jacobs discuss how to read anyone during an interview through a series of intentional questions, the exciting role of AI and technology in the future of business, and where money-making ideas hide in companies. Jacobs also shares how his training in math and music made him a better business operator, the one thing he focuses on to grow his businesses, how to spot big trends before everyone else, and the only thing a company should focus on for success.

    Brad Jacobs has started five companies from scratch and led each to become a billion-dollar or multibillion-dollar enterprise. These include three publicly traded companies: XPO Logistics, where he serves as Chairman and CEO, United Rentals, and United Waste Systems. Before starting XPO in 2011, Jacobs founded United Rentals in 1997 and led the company as Chairman and Chief Executive Officer. In 1989, he founded United Waste Systems.
     
    (00:00) Intro
    (04:44) The future of AI
    (07:21) How to think rationally
    (08:48) The major trend
    (10:57) The research process
    (13:29) On asking better questions
    (19:35) On rearranging your brain
    (22:23) On music, math, simplicity, and business
    (32:26) Leverage, debt, and optionality
    (35:11) What it takes to take contrarian bets
    (40:45) Confidence and parents
    (50:21) Why negative-only feedback is detrimental for employees
    (56:14) Money lessons
    (58:13) A deep dive on M&A (Jacobs' secret sauce to growing his companies)
    (01:07:51) Questions to immediately get to know anyone
    (01:11:14) On boards and board meetings
    (01:16:57) On decision-making
    (01:23:37) The role of capital markets
    (01:25:41) The type of person you don't want to hire
    (01:31:16) The best capital allocators
    (01:33:53) Biggest lesson Jacobs learned from the past year
    (01:37:20) On success
     

    Watch the episode on YouTube: https://www.youtube.com/c/theknowledgeproject/videos

    Newsletter - I share timeless insights and ideas you can use at work and home. Join over 600k others every Sunday and subscribe to Brain Food. Try it: https://fs.blog/newsletter/

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    Josh Hendrickson on Economic Growth, National Defense, and US Monetary Policy

    Josh Hendrickson on Economic Growth, National Defense, and US Monetary Policy

    Josh Hendrickson is Associate Professor of Economics at the University of Mississippi and Chair of the Economics Department. Josh joins David on Macro Musings to discuss US monetary policy and US defense policy. Specifically, Josh and David discuss the coordination of fiscal and monetary policy and what Milton Friedman would think of it today, the Fed’s responsibility for modern inflation trends, state capacity and how it impacts economic growth, the role of national defense in the context of state capacity and economic growth, and much more.

     

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    Transcript for the episode can be found here.

     

    Josh’s Twitter: @RebelEconProf

    Josh’s Ole Miss profile: https://economics.olemiss.edu/joshua-hendrickson/

     

    Related Links:

     

    *Central Banks are Inflation Creators, Not Inflation Fighters* by Joshua R. Hendrickson

    https://www.mercatus.org/publications/monetary-policy/central-banks-are-inflation-creators-not-inflation-fighters

     

    *Evolution, Uncertainty, and the Asymptotic Efficiency of Policy* by Brian C. Albrecht, Joshua R. Hendrickson, and Alexander William Salter

    https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3251917

     

    *The Coronavirus and Lessons for Preparedness* by Josh Hendrickson

    https://www.mercatus.org/publications/covid-19-crisis-response/coronavirus-and-lessons-preparedness

     

    *Preventing Plunder, Military Technology, Capital Accumulation and Economic Growth* by Brian C. Albrecht, Joshua R. Hendrickson, and Alexander William Salter

    https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3025548

     

    David’s blog: macromarketmusings.blogspot.com
    David’s Twitter: @DavidBeckworth