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Apr 22, 2023Liked by Christopher Dake

Libertarians are people who have principles centered on the idea of individual liberties, but then drop those “principles” (the quotes are absolutely intentional) when it’s convenient for them.

The SVB failure is exhibit #43,892. Libertarians believe 100% in market-driven solutions, right up until they need FDIC insurance -- and not just need it, but actually demand protection beyond the stated FDIC limit.

Just like there are no atheists in foxholes, there were no libertarians during the run on Silicon Valley Bank.

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Ha. For sure. I read some interesting thoughts by the Rational Walk regarding SVB when it came out - the bailing out of venture capitalists.

I would encourage you to read this piece, which I found to be quite educational:

https://rationalwalk.substack.com/p/yet-another-bailout

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Apr 21, 2023Liked by Christopher Dake

Thank you Christopher. Now I understand, I think, what an old friend of mine was always talking about. He died several years ago, which is too bad, because it was fun to argue with him about politics. I’m an old Republican who has turned into an old Democrat.

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Thanks, William! I'm sorry to learn about your friend. I'm glad to hear the friendship allowed for pleasant politic arguments.

I completely understand the transitions we make. I used to be an Alex P. Keaton in my younger days, but then I began investing more into my faith, and now I want to give everyone, everything. :)

Appreciate you subscribing and chiming in. Hope to hear from you soon! Okay?

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Apr 21, 2023Liked by Christopher Dake

Disappointed at the end to not find out what Lisa and Mike ate for brunch. Details matter!

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If I recall correctly, they ate many potato products.

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Apr 21, 2023Liked by Christopher Dake

I feel much more informed about Libertarianism. And footnotes. It was definitely an okay answer.

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Mission. Accomplished.

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