Compounded growth is our gift that keeps on giving
Wealthier societies have better living standards across almost every metric: Just compare Cuba v Singapore to see.
We should value future lives too, & economic growth makes them better off.
It's leisure time, the ability to maintain your health, your ability to control your time,
Ppl who have higher living standards, live longer lives, suffer less pain, recover better from trauma, etc
When we redistribute in a way that sacrifices economic growth, we're also redistributing resources away from our future children
The good kind of redistribution expands growth
Support for basic science, a basic social welfare state or safety net, obviously, foreign policy, then there are particular instances where governments have done good, but the presumption should be in favor of liberty
- Commit to free trade
- Support more scientific research
- Deregulate housing
- Deregulate all economic activity (except finance /environment)
We're wired to think about the short-term. Religions, among other things, encourage people to have more kids and more generally be more long-term oriented. Like the Mormons.
Tyler's a pro-religious non-believer himself.
If you look at data, knee operations, back operations, etc They seem to have zero marginal product
We spend too much on the health care of older people and not enough on younger people
It takes too long to get a new drug approved.
"So if driverless cars are truly up and running for fifty percent of the American population and you don't have to sit at the wheel that day. I will say the great stagnation is over."
When you give advice you've got to realize they're probably not going to listen. You're a placebo
Means you should think abt advice from a meta angle: i.e. should you encourage them to follow their instinct or not? If not, what need of theirs can you appeal to
Do I enjoy spending time w/ that person? is there mutual loyalty, common interests? are we evolving together?
Paradoxically, approaching friendship in a casual way can lead to real depth, whereas being too deliberate can lead to it seeming forced.
We should have open borders w/ any country that has a more generous welfare state than we do, b/c then those people will not be coming for welfare, they'll be coming to work.
We've done a good job assimilating immigrants, better than anyone else, & should do more.
You spent your childhood obsessing over evaluating talent, & strategy, & NBA was the vessel you chose.
And now as a VC you evaluate talent & strategy. Maybe your early yrs were perfect prep—can I talk you into that?"
Without the internet, there's barely any spheres you can do that. There's like, high school football"