Elon Musk is officially a trillionaire. Naturally, people are calling it yet another failure of capitalism, and I'm calling BS.

I compared his wealth to Andrew Carnegie’s fortune. On paper, Musk’s number looks insane, but when you measure them against the total money supply of their eras, the truth completely flips. I believe we aren't seeing runaway capitalism, but we are simply measuring success with a broken tape measure.

I explain why fiat is failing, why you should be mad at central banks instead of builders, and how we finally opt out.

Chapters

(00:00:00) - Did Elon Break Capitalism?

(00:00:42) - What A Trillion Means

(00:01:07) - Carnegie And Cheap Steel

(00:02:12) - Monetary Base Comparison

(00:03:08) - Elon’s Impossible Companies

(00:04:39) - Reusable Rockets Revolution

(00:05:50) - Capitalism vs Fiat Failure

(00:07:20) - Inflation And Fake Records

(00:09:04) - Fiat Stole Your Future

(00:12:12) - Bitcoin As The Exit

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References from the episode

Andrew Carnegie Foundation: https://www.youtube.com/watch?v=-2MLqvHxU58

Andrew Carnegie Foundation: https://www.youtube.com/watch?v=kMJm04hoGg8

Andrew Carnegie Foundation: https://www.youtube.com/watch?v=lETFnhXVH8s

BFI National Archive: https://www.youtube.com/watch?v=7Rg5vctokvw

US Government: https://www.youtube.com/watch?v=_hlfqggGOZw

CNN: https://www.youtube.com/watch?v=adVbaJp6n6c

Bloomberg: https://www.youtube.com/watch?v=ZucUZZkIQw0

Bloomberg: https://www.youtube.com/watch?v=y5uV6qLYqMQ

Tesla: https://www.youtube.com/watch?v=TszRyT8hjJE

SpaceX: https://www.youtube.com/watch?v=T43sbhCKvBY

Starlink: https://www.youtube.com/watch?v=-8vy3Azdv2I

SpaceX: https://www.youtube.com/watch?v=hI9HQfCAw64

Dieck Docs: https://www.youtube.com/watch?v=LUE4yqAd1WU&t=439s

Simpsons clip: https://www.youtube.com/watch?v=9o2Oc2g-vTk

WSJ: https://www.youtube.com/watch?v=0VwIlALimNw

Movieclips: https://www.youtube.com/watch?v=NQ-8IuUkJJc

The Luxury: https://www.youtube.com/watch?v=7hbzW6DoSOA

The Economist: https://www.youtube.com/watch?v=5i45h76ioHY

WSJ: https://www.youtube.com/watch?v=0VwIlALimNw&t=68s

CNN: https://www.youtube.com/watch?v=eI2HIwZT3FI

Fox Business: https://tinyurl.com/fb-spacex-ipo

Variety.com: https://tinyurl.com/var-spacex-ipo

FinanceFeeds.com: https://tinyurl.com/ff-musk-networth

Fortune.com: https://tinyurl.com/fort-spacex-ipo

VisualCapitalist.com: https://tinyurl.com/vc-musk-trillionaire

CNBC: https://tinyurl.com/cnbc-spacex-updates

NPR: https://tinyurl.com/npr-spacex-ipo

statspanda.com: https://tinyurl.com/stat-musk-history

Bloomberg: https://tinyurl.com/bb-billionaires-index

PurePowerPicks.com: https://tinyurl.com/ppp-musk-tracker

PBS: https://tinyurl.com/pbs-steel-business

IMDB: https://tinyurl.com/imdb-blockbusters

Arpit Kushwaha: https://tinyurl.com/ak-madoff-scheme

explorepahistory.com: https://tinyurl.com/eph-carnegie-bill

Just Simple_English: https://tinyurl.com/jse-1trillion

Detroit Publishing Co: https://tinyurl.com/dpc-steel-plant1

Detroit Publishing Co: https://tinyurl.com/dpc-steel-plant2

Collins Dictionary: https://tinyurl.com/cd-equity

Ineteconomics: https://tinyurl.com/inet-lehman-failure

NY Daily News: https://tinyurl.com/nydn-enron-hearings

Alamy.com: https://tinyurl.com/alamy-ftx-sued

Econovisuals: https://tinyurl.com/eco-m2-supply