X @Nick Szabo
Nick Szabo·2025-11-17 05:01
RT Luke Gromen (@LukeGromen)We borrowed & spent $8T+ that’s now worth $0 & gained a $400B annual Veteran’s Affairs bill that grows ~2x tax receipts in the processImagine a company borrowing $8T to buy an asset that goes to $0 but leaves the company w/ a $400B/year asbestos liability that grows 5-10%/year. ...