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No pivot!
The Compound and Friends
Is the Economy Going to Get Cut in Half?
We were like 150 before we got to 350 and it was all basically borrowed money. What actually happened was you ended up building so much new capacity that industrial capacity was actually soaked up by the consumer. And then you had some inflation with it. Real GDP fell by like I think 10 to 15 percent but it certainly wasn't the 50 percent. But isn't that the problem now that now we have right. This is the point you've like you've juiced the economy with low interest rates for such a long time. Elon Musk was like all kidding aside. Like all more hate them that's what he did with free money. Exactly. Hopefully there was actually like a positive real net return
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