Lmao you think this is going to stop the king? Wait until you have the ICEtapo dragging you off the offices.
this post was submitted on 13 Dec 2025
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Economics
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They're rich white people, not poor brown people.
Yes, this will stop him. Remember, Trump hates the Fed Chair, Jerome Powell, has spoken out against him many, many times. But he can't fire him because such interference with the Fed would rock financial markets. It's one of the rare times I've seen Trump have to just choke on it, powerless. LOL, I love imagining all the singing and dancing his handlers have to do to keep him from firing Powell. :)
This is definitely a good thing, but if we can't get competent leadership in Washington, it won't matter. Just the interest payments on the Federal debt is approaching $1 trillion. That's already almost 1/5 of all federal revenue. But the debt problem isn't restricted only to the Federal government. Private debt is nearly 150% of GDP.
And do we want to reshore at least some key industries? What about our infrastructure? What about our aging power grid? What good is AI if there isn't enough power to run the damn data centers. All of this is going to take a lot of money and most of that is going to have to be borrowed.
And I'm sorry but the god damned invisible hand of the free market ain't going to do it. If the free market is so all knowing and wise, why hasn't it kept our power grid updated? Could it be that the free market is too narrowly focused and short sighted? Hmm.
I agree, but also power specifically is an iffy example because power grids are relatively regulated, albeit in a patchwork way.
It’s more regulatory capture and misaligned incentives than a pure “invisible hand” problem.
Anyway, I’m pretty sure we’re doomed. Voters have repeatedly shown they prefer to reward immediate “feelings” over any appearance of long term planning. And they finally elected a regime that embodies that short term hype perfectly.
Debt is a boring “long term” problem that doesn’t fit into a TikTok video like the culture wars do, so why would any politician even mention it? Trump’s business strategy of “kick the can down the road, loudly” is the political winner.
It’s more regulatory capture and misaligned incentives than a pure “invisible hand” problem.
Well, what's your solution? I don't think this is a terribly uncommon opinion, but I'm not exactly sure what the implication is. Eliminate all regulations? Eliminate government entirely, paving the way for an anarcho-capitalist utopia? I'm not sure I think it's a good idea to eliminate all public oversight when it comes to something as important as our national power grid. Someone has to look out for the interests of the public and the nation, and I'm not sure private, for-profit interests can be counted on for that.
That being said, I am totally in support of regulatory reform. Unnecessary and inconsistent regulations introduce all sorts of inefficiencies and costs. But all the more reason, in my opinion, for the Federal government to standardize, unify, and simplify regulations as much as possible across the country. Of course, that would require capable leadership, and we are woefully deficient there.
Well, what’s your solution?
I don’t have one. I’m not an expert.
I’m a believer in “a la carte” regulation: some sectors should be wildly unrestricted. Some should be radically socialized. Some, in between. Some “hybridized.” The optimum thing just depends, and the key is finding experts to determine this and constantly testing that balance.
That makes me kind of technocratic, I guess.
But if I were to guess, for power infrastructure specifically, this seems like one of those “hybrid” situations? Power making startups should frictionlessly slot in; lest we miss experimental tech like, say, geothermal coal plant conversions, or small nuclear reactors. But at the same time, distribution and some larger projects really need government organization. And that’s kind of what we already have?
The problem seems to not be the amount of regulation, but the incentives. For instance, a lot of lobbying from Big Oil sneaks in. And there’s a lot of complacency with “good enough for now” infrastructure, tying into the public’s lack of interest in solving long-term problems until they blow up in their face.
Government and business planning is getting more tribalized, perverse, and “short term.” See: businesses shooting themselves in the foot, and each other, for quarterly boosts, politicians winning on “meme” issues and influencer-like engagement, regulatory capture becoming open and politicized. It’s rapidly worsening.
And honestly I don’t know how to fix that.
is it even possible to pay off debt like that faster than it grows? What will happen when its 4/5 of the revenue?