Fed Move; Crypto & Bank Crisis; AI PhDs; Science | YBS: News Roundup March 23

00:00 Intro
01:48 Fed Move
08:40 Crypto & Bank Crisis https://www.piratewires.com/p/2023-banking-crisis
26:50 AI PhDs
34:00 Forever Chemicals
37:05 In Vitro Fertilization Gender Selection

Live Questions:
39:57 Yaron what do you say to people on the left who say the profit motive is counterproductive in the medical industry or a fire dept. Medical industry wants sick people in order to make money etc.
44:59 Did you see the news about SVB, that on the Thursday that they paid out $42B and ran out of money that they tried to get loans from the Fed, but the Fed closed at 4pm and shut them out. :)
47:39 I think I'm dumb. I don't know what money is. What is money? Is it simply debt? This seems a narrow definition. How was/is money developed and determined?
51:19 I would like to learn more about private education. Would it be possible to set up a consultation / zoom meeting with you so I could ask you some questions about different financing models and approaches to teaching?
51:56 UNOS is the US Organ Donor Sys. The Senate called this a monopoly & said it should be broken up. I get how govt creates monopolies in the for-profit space, but how are monopolies created in nonprofit space? Isit the same way?
53:07 What are the biggest difficulties with shifting an industry that is largely controlled by the government, like education? Competing with "free" government schools is very difficult, but something which needs to be done.
55:05 Re SVB running out of money, check Matt Levine's Money Stuff newsletter from yesterday. "That took time and the Fed didn’t extend its own daily deadline of 4 p.m. PT for collateral transfers to help SVB"
56:17 Exactly always understand the root cause is gov central planning.
56:34 You've said "The country that invades another is the Bad Guy. Then is USA Bad when invading Iraq or Grenada? Is Israel the villain in invading Iran?
58:24 Isnt education the skill at showing the value in knowledge? (showing whats important)
59:34 Thank you Yaron, I've sent you an email regarding the meeting. Thanks for everything you do, and I greatly appreciate the morning shows
59:45 SS solution: no SS under 40. Everyone (even newborns) can open a tax free lockbox account in which funds can go in but can't come out until age 60.
1:00:28 Chat GPT is incredible - huge value add at work so far. Really appreciate these news shows.
1:00:45 How are you doing. it must be very stressful for you these days. Try and stay positive 🙂
1:00:54 Yaron, I'm a bit concerned about your wine intake. Even just two drinks a week can degrade grey matter over time. Check out the Huberman podcast.
1:01:24 Hi Yaron! Is there a way to find the amount of banking reserves in Canada and Scotland during 19th century and compare it with US and Europe today?

1:01:58 Outro

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