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A key point from this interview: the "benefit" of tariffs, if it exists, is delayed. You don't flip a switch and get a plant tomorrow. You wait years. It also follows that a tariff you don’t trust to outlast a mood swing won’t change where companies build at all.

Justin Wolfers

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38,521 Aufrufe • vor 9 Monaten •via X (Twitter)

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Trump: 100% tariff on all chips and semiconductors coming into the United States.. if you have made a commitment to build or are in the process of building, as many are, there is no tariff. Ok? If for some reason, you say you are building and you don't build, then we add it up, it accumulates, and we charge you at a later date, you have to pay, and that is a guarantee

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The point of a tariff is to make firms build factories at home. But if it's on Monday, off Tuesday, back on Wednesday, no one pours concrete. Chaotic tariffs give you all of the cost and almost none of the benefit.⁣ ⁣

The point of a tariff is to make firms build factories at home. But if it's on Monday, off Tuesday, back on Wednesday, no one pours concrete. Chaotic tariffs give you all of the cost and almost none of the benefit.⁣ ⁣

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The fundamental problem of Trump's tariffs remains the same as it ever was: You can't persuade anyone to build a new factory with a tariff that'll change before the concrete sets. So we'll get all the costs of tariffs, and none of the benefits.

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Here’s a key: if you don’t learn to be happy where you are, you probably won’t get to where you want to be. If you’ll learn to thank God for what you have, then God will multiply it. Check out this new message from Joel! "Reframe It":

Here’s a key: if you don’t learn to be happy where you are, you probably won’t get to where you want to be. If you’ll learn to thank God for what you have, then God will multiply it. Check out this new message from Joel! "Reframe It":

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It’s been 4 years. Still humbled by the fact that this exists at all. Big thanks to all of you that made it happen. If you have a spare 4 hours, go give it a watch on @StreamOnMax.

It’s been 4 years. Still humbled by the fact that this exists at all. Big thanks to all of you that made it happen. If you have a spare 4 hours, go give it a watch on @StreamOnMax.

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"We don't get to control the length of our adversity. You get to control who you are in it. The fastest way to get from a season of adversity to a season of prosperity is to ... figure out where you need to work and get better and then it will turn at some point."

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Culture is genetic because behavior is genetic. This beaver never saw a dam in its life. No beavers or anything else ever taught it to build a dam. It wants to build a dam because it is a beaver. Many beavers together build a big dam. That is beaver culture. Humans are not different. Nothing is different. This is what life is. This is how life works. Your body is your mind. A caterpillar wants to build a chrysalis. A bee wants to build a hive. A lion wants to build a pride. You are not special. You are not above your nature. you are INSIDE of it. The thoughts that we think are genetic thoughts. The crimes we commit are genetic crimes. The art we create is genetic art. Just like this beaver, you can give the animal different sticks and it will build a different dam, but it will always build a dam. And you can give humans different "education," but the human will always use it to do what its genes tell it to do. This is the first big answer that you need. This is the biggest piece of the puzzle. This is how to understand people 90% of the way. You just... notice what they do, and get out of the way, and watch them do it. And if they need sticks, you give them sticks. And if you don't like what they do, you have to get away from them. You cannot train dam-building into them or out of them any more than you can with a beaver. A beaver wants to build a dam because it is a beaver. Whatever you see people build, that's what they wanted to build from the sticks they got in the river they were in. Stop pretending you can change it.

Culture is genetic because behavior is genetic. This beaver never saw a dam in its life. No beavers or anything else ever taught it to build a dam. It wants to build a dam because it is a beaver. Many beavers together build a big dam. That is beaver culture. Humans are not different. Nothing is different. This is what life is. This is how life works. Your body is your mind. A caterpillar wants to build a chrysalis. A bee wants to build a hive. A lion wants to build a pride. You are not special. You are not above your nature. you are INSIDE of it. The thoughts that we think are genetic thoughts. The crimes we commit are genetic crimes. The art we create is genetic art. Just like this beaver, you can give the animal different sticks and it will build a different dam, but it will always build a dam. And you can give humans different "education," but the human will always use it to do what its genes tell it to do. This is the first big answer that you need. This is the biggest piece of the puzzle. This is how to understand people 90% of the way. You just... notice what they do, and get out of the way, and watch them do it. And if they need sticks, you give them sticks. And if you don't like what they do, you have to get away from them. You cannot train dam-building into them or out of them any more than you can with a beaver. A beaver wants to build a dam because it is a beaver. Whatever you see people build, that's what they wanted to build from the sticks they got in the river they were in. Stop pretending you can change it.

hoe_math = PsychoMath

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🚨 BREAKING: President Trump just announced he will be putting a 100% tariff on chips & semiconductors being imported "Companies like Apple are COMING HOME!" "If you have made a commitment to build or are in the process of building [in USA], as many are, there is no tariff." "BUT for some reason you say you are building and you don't build, we go back and add it up, it accumulates, and we charge you at a later date."

🚨 BREAKING: President Trump just announced he will be putting a 100% tariff on chips & semiconductors being imported "Companies like Apple are COMING HOME!" "If you have made a commitment to build or are in the process of building [in USA], as many are, there is no tariff." "BUT for some reason you say you are building and you don't build, we go back and add it up, it accumulates, and we charge you at a later date."

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.Andrew Ferguson: All of these benefit programs were designed for a high-trust society. Our society has disintegrated from the high-trust society that it has been, and the only way that we can restore that high trust is to ensure that the money goes to people who actually need it—and if you get money fraudulently, you go to jail.

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"There are people reporting 3-month pilots as ARR, and they're free pilots." "I was talking to an investor yesterday who sees that all the time from early-stage companies. Coming out of accelerators, saying they have a million ARR, and they look under the hood and it's just all pilots that haven't converted yet." Spellbook's Scott Stevenson describes all the ways he's seeing enterprise startups gaming the ARR metric to make their companies look better than they actually are: "CARR is contracted ARR. So it allows you to count revenue that's not live yet...It's a very easy metric to game." "You have these really complex implementations where you might be promising a customer, 'We'll build this feature, and once we build it, then we'll start billing you.' What happens if you don't build that feature?" "So one of the issues you see is, companies stacking all these commitments where they'll switch on billing once they deliver X with their forward-deployed engineers. But what happens if they miss that, or if that gets delayed? And they're reporting it upfront as ARR. But they're not actually at the point where the ARR is live." "The other one is the step-up contract where Year 1 is 25% of the cost, Year 2 is a little higher, Year 3 is higher. People are either amortizing that back over the period to get a higher average or even taking the Year 3 amount."

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Trump to business leaders: "If you want I'll let you build your own utility plant, your own electric plant, along with your building. You can build it inside the plant or you can build it outside of the plant ... you become a utility ... if you look at California, they have brownouts, blackouts, and everything else."

Trump to business leaders: "If you want I'll let you build your own utility plant, your own electric plant, along with your building. You can build it inside the plant or you can build it outside of the plant ... you become a utility ... if you look at California, they have brownouts, blackouts, and everything else."

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This is INCREDBILY fun to play!!! and the a,i follows you up easily alot of the time if you wait on the barricade for it!! #WWE2K26

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The joint at Woodstock was 1-2% THC. A joint in the 1990s was around 5%. The flower a budtender sells you today is 20-30%. And the vape is not a joint at all. Alex Berenson: "It's not even smoking. It's inhaling from a vape that might be 95% THC." "This is not a plant at all. It's just a chemical to get you high." From 1-2% to 95%. Getting that much THC into your body used to take all day. "Fifty years ago, if you wanted to get enough THC into your body to really get high and potentially get psychotic, you just smoke a lot. You had to use a bong... You kind of had to smoke all day." "Now you can walk around with this little device and inhale massive amounts of THC. And that really is a change that has made the product a lot more dangerous."

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KERNEN: What you hear is tariffs are a tax on US companies, and when you tax something you get less of it. How do you dispute that? NAVARRO: As soon as you add that third party -- foreign countries -- it becomes not a tax but a form of leverage and a beautiful thing

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