Is that right: 80% of new jobs is actually the government hiring?
Wow
It’s like there might be an agenda to buy votes, with a limitless budget, and skew the important growth metrics
Sly
Or stupid
All leads to economic indicators that are false signals, like price fixing, and then the miss-allocation of capital
Painful from an Austrian perspective
But what can one do about it? Very little
So definitely best to just hunker down and focus on 1) what you want to create and 2) what’s in your control
🙏🏻
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“Just because you take no interest in politics doesn’t mean politics won’t take an interest in you."
Remember my story. Happily focussed on what I wanted to create and was within my control ... and then the govt shut down my entire industry.
You'll just have to forgive me if I am hyper aware of sovereign/political risk.
You’re a pedo

