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Chamath, take a look at the balance of federal debt over time for the past 20 years and compare it to the total market cap of U.S. stocks. We're funding equity gains at a 2:1 ratio through government debt. We're going to look back at these decades as a quiet wealth transfer from government to the private sector.

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Incompetence is Not a Function of Sex, Religion, or Race. https://torrancestephensphd.substack.com/p/incompetence-is-not-a-function-of

America First Means Hawaii, Iowa, Texas, Florida, and North Carolina Before Ukraine and Gaza. https://torrancestephensphd.substack.com/p/america-first-means-hawaii-iowa-texas

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