Greetings, welcome. It is Eric Erickson here. The Eric Erickson show across the nation. The phone number is 877977-9373425. Now I've got to go into the show notes email that we send out at noon. And I got to get the story that I was going to start the show with, and then everybody wanted me to explain recessions, inflation, and all of that stuff.

But Derek Thompson has a piece called The End of the Millennial Lifestyle Subsidy.

And it is probably the biggest piece of the day.

So if you get the show notes email, subscribers, you get all the links to all the stuff

that I talk about in the show.

And this is the thing I intended to start the show with until the last minute made

an editorial change.

And it's a very important story.

On your costs as a young person are about to skyrocket.

And really your cost for everyone who uses a lot of digital services are about skyrocketed.

And I'll just explain this to you, put it in my own words from Derek's piece, but he points out something that I think he kind of intuitively understand,

you know all those companies out there, DoorDash, Instant Cart, Uber Eats, Grubhub, Uber, Lyft,

all those digital services. Do you know they don't make money?

They don't make money.

They don't turn a profit.

Their growth businesses.

Or Amazon, for the longest time, Amazon didn't make a profit.

Amazon does now.

For the longest time, it didn't.

Amazon actually made a lot of money, but then poured its money back into growing its

business.

And the data, the metric that was important for the venture capitalists and Wall

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