| Time | Text |
|---|---|
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Fewer People, Higher Prices
00:05:39
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|
| Alright, let's get to your questions and comments and issues and criticisms. | |
| I am thrilled to hear. | |
| Yeah, people talking about themselves being sick. | |
| Yeah, there's something nasty. | |
| Something wicked this way comes. | |
| That was nasty, man. | |
| I think the last time I was that sick was like, I don't know, like it was almost 20 years ago. | |
| I had bad food from a sandwich place and I ended up passing out for the day. | |
| And then, and of course I thought, oh my God, I passed out for the day. | |
| I'm not going to get any sleep at night. | |
| Turns out, nope, sleep at night was totally fine. | |
| So I basically got like 60 hours of sleep in a 24-hour period. | |
| Somebody says, the sickness came through my neck of the woods a couple of weeks ago. | |
| I was hallucinating and lost 10 pounds. | |
| Vaxi super bugs me things. | |
| Who knows? | |
| But yeah, it was nasty, man. | |
| And I, yeah, what did I have? | |
| I had a little bowl of yogurt and fruit yesterday. | |
| That was it. | |
| If we end slavery, everybody will be naked. | |
| Well, and it's one thing to believe that back in the day, but we literally got rid of slavery and agricultural productivity went through the roof, right? | |
| As I've said before, like, in the beginning of the 1900s, 80% of Americans were involved in farming. | |
| Now it's 2% or 3% and productivity is through the roof, right? | |
| You know, it's a funny thing. | |
| Maybe this is sort of a demonic thing, right? | |
| It's sort of a demonic thing that's going on. | |
| Which is, will you sell all that is virtuous and peaceful in your society for money? | |
| Right? | |
| Will you sell all that is virtuous and peaceful in your society for money? | |
| So, there's this absolute lie that's going on these days. | |
| Which is to say, well, we have a low birth rate and an aging population. | |
| So, either you have to have endless immigration or you have to accept a significantly lower standard of living. | |
| That's a wild thing to say. | |
| First of all, people who are trying to con you will always give you two options to limit your thinking to those two options. | |
| So, there is, of course, A collapse in the birth rate, because women would rather date than raise children. | |
| So, I get that. | |
| There's a collapse in the birth rate, and there's an aging population. | |
| So, what that means, of course, since the population is dropping, the price of labor will go up. | |
| When the price of labor goes up, you get more automation. | |
| So, the idea that you need mass immigration to deal with a declining birth rate is completely false. | |
| Completely false. | |
| The birth rate in the past was like 6 to 8. Then it went down to like 4 to 6. Then it went down to 2 to 4. Now it's somewhere below 2 or like below 1 even in some places like South Korea. | |
| So, who cares? | |
| And let's say that for some reason the laws of economics are completely suspended, right? | |
| There's no laws of economics at all. | |
| And somehow, the fact that there are fewer people to work In no way drives automation, and let's say that... | |
| Let's say that you are going to have less income, even though there are fewer people in the workforce. | |
| Well, so fewer people in the workforce... | |
| This is just second-order thinking. | |
| What happens if you have fewer people, fewer adults, more old people? | |
| And fewer young people, well, what happens to the price of housing? | |
| It collapses, which is great. | |
| If you want to start a family, right? | |
| This is how it's supposed to work. | |
| This is how the ebb and flow in society is supposed to work. | |
| If there are more kids, then you're going to end up with a higher price of housing. | |
| I mean, I know that the price of housing is elastic, or the supply of housing is elastic. | |
| But if there are fewer people, then the price of housing goes down, which means it then becomes cheaper to have children. | |
| And the wages go up because there are fewer people. | |
| So, just the idea that, well, you know, if there are fewer people working, it's just, it's, well, there's just less money. | |
| You know, let's say that there are 100 million people making $50,000 a year and that goes down to 50 million people. | |
| That means that your GDP goes down by half. | |
| It's like, it really doesn't. | |
| It really doesn't mean that at all. | |
| It really doesn't at all. | |
| Oh my god, it doesn't at all. | |
| What does it mean? | |
| Well, it means that people will end up being paid double because there are half as many. | |
| Or there'll be more automation, which will increase worker productivity. | |
| So, it doesn't mean that at all. | |
| But then, this is just stupid people. | |
| 100 million people at 50k a year. | |
| Okay, that's a huge, huge economy. | |
| But boy, if there are a few, if there are only... | |
| If there are only 50 million people at 50K a year, I mean, like, there's no other variable. | |
| There's no other variable that changes. | |
| There's one variable. | |
| One variable, that's all that happens. | |
| That is the saddest, stupid stuff around, right? | |
|
One Variable Changes
00:00:36
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|
| But thank goodness the flu vaccine was invented 83 years ago. | |
| Thank goodness the flu vaccine was invented 80 years ago. | |
| So now we don't have to worry about the flu anymore. | |
| 82 years ago. | |
| 82? | |
| Something like that. | |
| A long time ago. | |
| A long time ago. | |
| Fauci was pardoned back to 2014. Yeah. | |
| Yeah. | |
| All right, let's see here. | |