Recent Notes
"When a man spends his own money to buy something for himself, he is very careful about how much he spends and how he spends it.
When a man spends his own money to buy something for someone else, he is still very careful about how much he spends, but somewhat less what he spends it on.
When a man spends someone else's money to buy something for himself, he is very careful about what he buys, but doesn't care at all how much he spends.
And when a man spends someone else's money on someone else, he doesn't care how much he spends or what he spends it on. And that's government for you."
— Milton Friedman
Murray Rothbard once observed that "the State is that organization in society which attempts to maintain a monopoly of the use of force and violence in a given territorial area." This wasn't just philosophical musing—it was a precise diagnosis of how bureaucracy operates as the enforcement arm of political power, insulated from market accountability.
Consider how government agencies respond to failure: they demand larger budgets, more staff, and expanded authority. When the TSA fails security tests, when the FDA delays life-saving treatments, when central banks create inflation—the solution is always more resources, never elimination. Private companies that perform this poorly simply cease to exist.
The bureaucrat's incentive structure is the complete inverse of productive enterprise. Success means budget cuts and obsolescence, while failure guarantees growth and importance. Rothbard understood that this wasn't a bug in the system—it was the feature that keeps the whole apparatus alive and expanding.
The Austrian insight remains devastatingly relevant: without profit and loss signals, without the possibility of bankruptcy, bureaucracy becomes a self-perpetuating organism that consumes resources while producing theater. The cure isn't reform—it's competition and the right to exit.
“We are now at the beginning of an age where we will have more information than we can possibly process. But let me remind you: Information is not knowledge. Knowledge is not wisdom. And wisdom is not foresight. Each grows out of the other, and we need them all. Before you become too entranced with gorgeous gadgets, remember that the goal is not to have more information, but to have more understanding.”
— Arthur C. Clarke
When the Fed prints money, it doesn't magically appear in everyone's bank account equally. It flows first to banks, government contractors, and Wall Street—who get to spend it at yesterday's prices. By the time it reaches you, prices have already risen. This isn't a bug in the system, it's the feature. Inflation is the most regressive tax ever devised, disguised as economic policy.
Discipline is a system you obey. You remove the easy exits, you add friction to your vices, you make the right action the default, and you stop negotiating with yourself at night. The man who designs his environment wins even when motivation is dead.
Your biggest weakness is hoping people will treat you fairly because you treat them fairly. Social life is incentives, not ideals. Learn how people move when they want something, learn what they fear losing, and learn what makes them feel superior. When you understand motives, you stop being surprised by outcomes.
“Increases in money supply are what constitute inflation, and a general rise in prices is the symptom.”
— Walter E. Williams
The primary delusion is thinking you are above human nature. You call other people irrational, aggressive, jealous, needy, and you feel clean by comparison. That denial is the doorway to blind spots. The man who admits his darkness can steer it, the man who denies it acts it out and calls it fate.
Your biggest enemy is the lower self that wants comfort, distraction, and quick status hits. It loves the easy win and the fast dopamine and it hates long horizons. The higher self is quieter and it asks for patience, work, and self-awareness. You become powerful when you train yourself to obey the higher voice.
If you study human nature long enough, you begin to see that most people aren’t malicious, they’re simply inconsistent, impulsive, or ruled by emotions they refuse to understand; once you accept this, disappointment turns into clarity instead of bitterness.
The strongest men aren’t those who avoid their darker impulses, but those who understand them intimately -studying their envy, aggression, fear, and ego until the entire internal ecosystem becomes navigable. Once you decipher the architecture of your own psyche, you can channel every instinct in service of your mission rather than allowing those instincts to sabotage it, making you both self-directed and incredibly difficult for others to manipulate.