The Impact of the Managerial Class and Headcount Metrics

This chapter explores how the managerial class, cheap debt, and VC money have influenced companies' metrics for success and discusses the consequences of focusing on headcount as a measure of success.

Play episode from 28:02

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Transcript

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Episode notes

Marty sits down with Jimmy Song to discuss his new book Fiat Ruins Everything.

Jimmy on Twitter: https://twitter.com/jimmysong

Crowdfund page for Jimmy's new book: https://fiatruinseverything.com/

0:00 - Intro
5:38 - Writing with ChatGPT
10:59 - Degeneracy hazards
12:54 - Jimmy’s book and writing process
20:39 - Structuring a book
23:36 - Fiat’s influence on individuals with corps
30:28 - Strong families and low time pref life
35:01 - Fiat world built on ossification
44:19 - No stores of value, can’t buy a house
50:15 - Reality takes hold, how long till it breaks?
59:38 - How to explain to people when it breaks?
1:03:03 - How do individuals protect themselves?
1:11:02 - Rent seeking more harmful than welfare
1:14:40 - Wide and narrow gate, drivechains
1:26:45 - Plugging the book

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