"America Is About To Crash Into A Brick Wall" | David Friedberg PT 1

Tom Bilyeu's Impact Theory

Impact Theory

Education, News, News Commentary, Philosophy, Technology, Society & Culture, Business, Self-improvement

4.7 • 5.1K Ratings

🗓️ 2 July 2024

⏱️ 75 minutes

🔗️ Recording | iTunes | RSS

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Summary

Welcome to another power-packed episode of Impact Theory, I’m Tom Bilyeu! In this episode, I’m joined by David Friedberg, a self-described “extreme optimist” who believes that capitalism – specifically entrepreneurship – is the fastest way to improve human productivity and potential, unlocking a more abundant and sustainable future for all. Today we’re getting into the economic challenges the U.S. face, specifically the risks associated with high debt relative to GDP, and how excessive taxation to service this debt can stifle investment and have lasting detrimental effects on economic growth. We explore the transformative potential of gene editing, including promises for agricultural advancement and just be the answer to sustainable nutrition for a rapidly growing global population. We also examine the balance between technological progress and regulatory oversight, the societal divide over adopting new innovations, and how AI could redefine creativity and productivity. If you're serious about innovation and understanding the future of our economy, you won’t want to miss this episode. This is just Part 1 of our conversation, so make sure you don’t miss Part 2 of this convo for even more wisdom from David Friedberg. Follow David Friedberg: Website: https://www.tpb.co/ Twitter: https://x.com/friedberg Podcast: https://www.allinpodcast.co/ Follow Me, Tom Bilyeu: Website: https://impacttheoryuniversity.com/ X: https://twitter.com/TomBilyeu Instagram: https://www.instagram.com/tombilyeu/ If you want to dive deeper into my content, search through every episode, find specific topics I've covered, and ask me questions. Go to my Dexa page: https://dexa.ai/tombilyeu Themes: Mindset, Finance, World Affairs, Health & Productivity, Future & Tech, Simulation Theory & Physics, Dating & Relationships SPONSORS: Head to https://netsuite.com/THEORY for Netsuite’s one-of-a-kind flexible financing program for a few more weeks! Get 5 free AG1 Travel Packs and a FREE 1 year supply of Vitamin D with your first purchase at https://drinkag1.com/impact. Secure your digital life with proactive protection for your assets, identity, family, and tech – Go to https://aura.com/IMPACT to start your free two-week trial. Take control of your gut health by going to https://tryviome.com/impact and use code IMPACT to get 20% off your first 3 months and free shipping. ***Are You Ready for EXTRA Impact?*** If you’re ready to find true fulfillment, strengthen your focus, and ignite your true potential, the Impact Theory subscription was created just for you. *New episodes delivered ad-free, EXCLUSIVE access to hundreds of archived Impact Theory episodes, Tom AMAs, and so much more!* This is not for the faint of heart. This is for those who dare to learn obsessively, every day, day after day. *****Subscribe on Apple Podcasts: https://apple.co/3PCvJaz***** Subscribe on all other platforms (Google Podcasts, Spotify, Castro, Downcast, Overcast, Pocket Casts, Podcast Addict, Podcast Republic, Podkicker, and more) : https://impacttheorynetwork.supercast.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Today's episode of impact theory is sponsored by Range Rover Sport.
0:04.5	The new Range Rover Sport is the most desirable, advanced, and
0:08.9	dynamically capable SUV and you guys know I love staying on the cutting edge with technology.
0:14.0	So if you strive to perform your best in life, bringing your energy and abilities into
0:19.3	everything you do, then explore the Range Rover sport at Land Rover USA.com that's Land Rover
0:26.9	USA.com. You could ask yourself what do we celebrate my income isn't going up as an individual. I'm not
0:34.8	making more money but this guy's got $200 billion. The US doesn't know pay. Like we have
0:39.2	no idea. There's a world where we embrace technology where we say we're not going to be fearful of loss,
0:44.8	but we're going to embrace the risk because the upside is worth it.
0:48.4	We can go to the moon, we can go to Mars, we can cure cancer. Some people will die, but we can do it.
0:59.0	David Friedman, welcome to the show.
1:00.0	Thanks for having me.
1:01.0	I'm very, very glad to have you. I've been tracking you
1:04.1	were thinking for a while and while you were often quiet in the All-In podcast I'm
1:10.0	always hanging on your every word especially when it comes to the economy.
1:13.4	So tell me, why are you a single issue voter when it comes to our national debt?
1:20.1	Right now, the US is a car driving into a wall with our foot all the way down on the gas.
1:28.4	We are proposing, the federal administration is proposing a seven trillion dollar budget next year.
1:34.0	We have thirty three trillion dollars of national debt.
1:38.4	That number has swelled since COVID and in the years following due to the launch of new programs and other
1:44.4	stimulatory effects spending by the federal government and the problem with
1:50.0	having too high of a national debt relative to national GDP is the way that a government pays
	...

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