I think my take on this is probably not going to be popular with people of either political side.

Recessions are actually good to have every once in a while.

They clean out a lot of nonsense.

You know, what happens is there's a lot of resources being used for things that are not productive in the economy.

You obviously don't want a deep, deep recession that lasts for a long time.

That's terrible. But at the same time, like in order to have growth be better, it's like, it's like in order to have the tree be healthy, you've got to prune the stuff that died on it, right? And so in

lot of cases, that means cutting back a lot. Cut all the way to the bone sometimes they call

and just really focus what you need.

Hey, it's Cody Sanchez. And this is the Big Deal podcast for those who don't just want to be rich, but free and do what it actually takes to get there.

Okay, today we have a guest I've been wanting to have on since episode one.

He's a billionaire, but he hasn't built just one billion dollar company.

He's built like 12.

Joe Lonsdale, co-founder of Palantir, huge company, started an entirely new university at the University of Austin,

created an America First Defense VC, 8 VC, that is now, I think, $7 or $8 billion under management.

They raise about a billion dollars every year. He's invested in some companies where we've got

a little tiny check right alongside him. He also started Adipar, a fintech company worth $2.7 billion

that does $2 trillion worth of transactions. I also invested in that bad boy.

He started Cicero Institute, a nonprofit founded with the intention of bettering the country.

It's incredible what this institute's doing. I was chatting with Joe afterwards.

He thinks that his legacy might actually be Cicero, not everything else he's done, which is cool.

So obviously Joe is not afraid to tackle the tough stuff.

Homelessness, criminal justice reform, American defense, AI, financial freedom for all.

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