La diferencia entre Milei y la vieja política argentina es simple: él entiende que cada permiso, cada cepo y cada privilegio estatal es una fábrica de pobreza. Orden fiscal, menos trabas y capitalismo no son ideología; son el camino para que la gente pueda volver a construir.

Interesting.

New project - I'm experimenting with using AI to sort through all of Karl Marx's letters to find every time he asked Engels to send him money. This is just 4 years of results. Turns out Marx asked Engels for money A LOT.

SpaceX raised only $12B of capital before going public. With that $12B, they revolutionized the rocket industry, built a global satellite network, and created arguably the most innovative company of all time. The federal government spends $12B every 15 hours and still can’t get its shit together. Prior to SpaceX, NASA was sending astronauts into space on Soviet-era Russian Soyuz capsules. So no, I don’t find Elon’s wealth to be a problem, and I wouldn’t trust Elizabeth Warren or Bernie Sanders to allocate a single dollar of it.

listen up, we have to vote for the man with the nazi tattoo so he can stop the man landing rockets and curing the blind from making any more money, otherwise we’ll get fascism you see how stupid you sound, yes?

For the record. SpaceX, Hayek, and the Progressive War on Wealth Creation The progressive left clings to the fantasy that wealth is manufactured by the state and its pet technocrats rather than by entrepreneurs who risk their own capital to create real value. In their mythology, government planners are the heroic “designers” of prosperity, while the private sector is a problem to be taxed, regulated, and morally lectured. As Hayek warned, “the more the state ‘plans’ the more difficult planning becomes for the individual,” and progressives are determined to make individual planning all but impossible. Their entire project rests on a basic fraud, confusing redistribution with creation. Social-democratic and socialist progressives boast about “fairness” and “equity,” but their toolkit is nothing more than confiscation and reallocation, slicing the same pie thinner while pretending they’ve baked a new one. Hayek’s point that “there is all the difference in the world between treating people equally and attempting to make them equal” goes straight over their heads, they weaponize the latter to justify endless expropriation from those who actually produce. The manufactured outrage on the progressive left over the SpaceX IPO is not about fraud, abuse, or failure, it is about their ongoing indoctrination campaign to portray success, risk-taking, and genuine wealth creation as moral crimes. A private company goes from “10 percent chance of success” to one of the most valuable enterprises on earth, and their instinctive response is not admiration or curiosity, but rage that such achievement is even allowed to exist. They see Elon Musk’s trillionaire status not as the byproduct of extraordinary innovation and execution, but as a kind of cosmic theft that must be punished by the tax state. This is entirely consistent with the broader progressive project, socialize resentment, demonize entrepreneurial gains, and condition the public to believe that any concentration of wealth outside the state is inherently illegitimate. Hayek saw this coming decades ago when he warned that central planning steadily erodes the scope for individual initiative, because the logical end of their ideology is a public that no longer dares to think in terms of independent ambition or long-term wealth building. Progressive leaders feed this mindset daily, insisting that “rigged” markets and “oligarchs” are the problem, while cleverly leaving the state, and its favored constituencies, as the only acceptable repositories of power and resources. Their reaction to SpaceX is a case study in this pathology. A company that has slashed launch costs, expanded human access to space, and built critical strategic infrastructure is reduced in their rhetoric to a symbol of “inequality” and “greed,” precisely because it exposes how much more effective decentralized, risk-taking capital can be than bureaucratic planning. The message encoded in their fury is clear, do not build, do not risk, do not aspire, unless it is under the watchful, confiscatory eye of the state. $SPCX

Two years of trying to run their own business would cure most people of their socialism.

Thanks to socialism, the average Zimbabwean became a trillionaire before @elonmusk 💪

The problem with universal suffrage is that the more technologically advanced a civilization becomes, the smaller the fraction of people there are in it with the native intelligence to understand how it works. When the majority of humanity was employed in whacking at the dirt with a pointed stick, and the height of technology was a slightly better pointed stick, anyone with a triple digit IQ could understand what was going on. Now, we have things like stock markets, the internet, transportation infrastructure, and the Linux kernel, but most people who vote are unable to conceive of these as anything but large piles of chocolate coins, or something else they can put their mouths. Because that's how the average monkey interacts with money. They stack the blocks, the research assistant gives them a token, they exchange the token for a banana. It's no good trying to explain to the monkeys what supply chain is, or how a trillion dollars worth of rockets can't magically be converted into a trillion dollars worth of bananas just because they're both measured in dollars, as if a six-foot man and a six-foot plank of wood were interchangeable. Finding a slightly different explanation, or getting the monkeys to sit still and really listen, doesn't really help. Because the problem isn't just that the monkeys aren't paying attention. The problem is that the monkeys are monkeys. Their brains simply don't have the developmental capacity to grow the neural connections they would need in order to grasp and manipulate the concept. In the long term, this is why universal democracy is doomed. Because societies that let retards vote will fail, and be replaced by those that don't. You may think that we, as a society, face a great variety of problems. We do not. We have only one. Retards. Every other problem we have is downstream from their inability to understand the consequences of their political opinions. But to fully grasp the implications of this, you have to understand that the definition of "retard" changes over time, as technology advances, because the IQ level required to grasp what's really going on gets steadily higher and higher. Eventually, the category "retard" grows until it includes the average person. This has already happened. Nick Knudsen isn't dumber than the average guy. But the average guy, the 100 IQ salt of the earth guy that's sitting on the next bar stool over, can no longer understand the modern economy. And this isn't correctable, because the problem isn't ignorance, it's complexity. You can't make Nick Knudsen smarter by telling him things. You can't even make him less ignorant, because the bare facts aren't believable to someone who doesn't have the framework to understand how they fit together. The people who understand what's going on are so much smarter than him that he doesn't even think they sound smart. He thinks they sound crazy.

The ranks of academia are filled with people who: - Describe themselves as socialists - Speak admiringly of Marxism & agree with Marx on about 95% of everything he wrote - Constantly use Marxist ideas in their research - Constantly teach Marxist ideas in their classrooms - Aggressively defend the stature of Marx as an intellectual figure to the point that they take personal offense over even minor slights to his reputation ...and yet adamantly insist that they are not, personally, Marxists. One implication is that survey measures of Marxists in academia almost certainly *understate* the ubiquity of Marxist ideology on campus.

Clay tablets unearthed in Asia Minor reveal a sophisticated commercial order emerging spontaneously nearly four thousand years before economists explained how markets work. cc: @surse thedailyeconomy.org/article/…

"Panic is a poor guide for public policy." - Lomborg But truthfully: “The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by an endless series of hobgoblins, most of them imaginary.” - H.L. Mencken

A Japanese engineer invented something you scan almost every day, then gave it away for free. In 1994, Masahiro Hara and his small team at Denso, an auto-parts company in Japan, built the QR code. The idea came from the black and white stones of a Go board. Here is the part most people don't know: Denso held the patent. They could have charged the world for every single scan. They chose not to. They kept the standard open, for free, forever. That one decision is why QR codes are now on menus, tickets, and payments on every continent. A gift from Japan that we all use and never paid for.

Thomas Sowell: "Here is a man [Obama] talking about five different industries and none of which he has the slightest experience. But because he has these degrees from the places you mentioned, and people have told him how clever he is, he now thinks he can do this. Intellectuals of the green/environmental movement see themselves as the wise and noble, forcing the rest of us poor dummies to do what's right. They are driven to power due to their ego, pride, and vanity." (This was pre-Solyndra.)

26 year olds today: "my anxiety is high, I am overwhelmed by my email job" 26 year olds in 1944:

RT @dlacalle: El Vaticano publica un decreto prohibiendo la entrada de inmigrantes ilegales.

Thomas Sowell: “It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong.”

In 1992, a 32-year-old historian became Prime Minister of Estonia. He had read exactly one book on economics: Milton Friedman's Free to Choose. He used it as a policy manual. Western advisors and Estonian economists told him it would fail. 🧵

SMH the climate crisis is over, Greta has pivoted to Palestine, and the rest of us are panicking over datacenters. Do try to keep up.