Episode 1616 Scott Adams: The Dr. Malone Interview, How to Know You Are in a Simulation, Ted Cruz and More
Episode Stats
Length
1 hour and 19 minutes
Summary
In this episode of Coffee with Scott Adams, we discuss the latest jobs report, inflation, and how the economy is doing, and why it's a good thing it's not 0.9% unemployment. Scott also talks about why inflation is a problem, and what we can do about it.
Transcript
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Morning, ladies and gentlemen, and welcome to the best thing that ever happened to you.
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It's called Coffee with Scott Adams, and sometimes, well, it might be hyperbole when I say it's
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the best thing that ever happened, but today, I think it's a fact.
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Today, the news has served us up some goodness, some actual entertaining stuff, and we're
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But before we do, how would you like to enjoy something that's famous around the world?
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And all you'd need is a cup or mug or a glass, a tank of Chelsea, a canteen, a jug of flask,
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a vessel of any kind, fill it with your favorite liquid.
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And join me now for the unparalleled pleasure of the dopamine of the day, the thing that
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First, the economy disappointed a little bit, to say the experts, they were expecting more
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The unemployment rate in the United States is down to 3.9%.
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Let me give you an economics lesson in about 10 seconds.
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In about 10 seconds, I'm going to tell you 80% of what you need to know about economics.
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This is 80% of everything you need to know about the economy.
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If the unemployment rate is low, everything works out.
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Yeah, we got inflation, and the inflation is quite a bear.
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Now, the other thing that's going on, by the way, and I haven't seen anybody talk about
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One of the things that lowers inflation is competition.
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So let's say you've got a situation where prices go up because of delivery costs.
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So let's say it's just way more expensive for energy, so all of your delivery costs go up,
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The natural thing that happens is you've created an economic problem with delivery costs.
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And so then somebody creates an app that can put different people's stuff on the same truck
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or uses Uber as part of the delivery system, which is already happening.
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Basically, the economy can find a way to get you your stuff without using as many trucks.
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But I think that in the modern world, our ability to build an entire new business to address
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a price imperfection, we can do that kind of quickly.
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So I'm not sure that we're looking at 10 years of inflation.
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We might be looking at three because the entire economy will start to adjust to the price imbalances.
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So that's just some of what will affect inflation.
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But as long as the unemployment rate is below 4%, economists call that full employment.
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So if you have 4% people unemployed, this is just roughly speaking,
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if you're an economist, you call that full employment.
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Because you need some unemployed people, that just means people are between jobs
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and there's a fluidity that you can leave a job, wait a few months, go get a new job.
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So you don't want zero unemployment because then there's nobody to hire.
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The economy, ladies and gentlemen, just went through the toughest challenge I've ever seen
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an economy have, at least in my lifetime, the pandemic.
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Not only did we go through it, I feel like we're going to come out ahead.
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Meaning that so many things changed in society, everything from health care to commuting
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It just got thrown up in the air and now all the startups will go in and find their little
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I've got a feeling that the pandemic is going to end up being like World War II in the sense
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that while it's horrible, while it's happening, there's all this economic activity that it
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So economy-wise, I'm really happy, even with the inflation.
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You all were following the three-act movie about me, which I've been telling you about.
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And I've told you how often life fits into a three-act movie.
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The first act is something happens that changes everything.
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In this case, the something that happened was we were getting near the end of the pandemic,
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we hope, and people were talking about who was a good predictor and who got everything
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And I found that the world exploded on my head, telling me that I'd gotten everything
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wrong and that I was afraid and I should take the L and all these things.
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There were high-profile people, podcasters, saying all the things I'd gotten wrong.
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Now, the problem is that to defend myself was sort of impractical, because my predictions
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were mostly spread across all live streams that are not really indexed.
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So for me to prove that I did anything right, I didn't really have a way to collect that without
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And by the way, the second act of the movie is where all the trolls came after me, and
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So the trolls would say, you said the sky is green.
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And then I would say, nope, I've always said the sky is blue unless it's nighttime or cloudy.
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And then another one would pop up with another ridiculous hallucination.
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So that's like the second act of a movie, where there's lots of stuff happening, but the, let's
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say the hero of the movie, which would be me in this case, is doing okay.
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Like, I'm whacking the moles, but I'm not in deep trouble.
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And then you realize that you're just not going to be able to whack them all.
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And then the big media starts doing stories about how wrong you were, about this or that.
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And suddenly, I had become the poster child of bad predictions.
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Would you agree with that characterization, that in the past two weeks, at least for people
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on the right, I had become the poster child of being wrong?
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But all of that was based on imagining what I had done.
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Now, how do you get out of a situation where thousands of people are imagining something
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Now, I'm seeing a lot of people say no, but that's how it felt to me.
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Within my own movie, it felt like my reputation.
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In fact, one of the most common comments was that I had destroyed my reputation by all these
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Now, the third act, the third act of a movie is when it's impossible to get out.
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So I was in this impossible situation because I couldn't whack all the moles.
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I couldn't just go and get all my sources and show them to you because it'd be too unwieldy.
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Go to my deathbed as the person who got everything wrong while I actually was probably the best
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I went to the subscription platform Locals, where I have a community of people who follow
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I compiled my best memory of what my predictions had been and are, and I ran them past the Locals
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And then I had the Locals people check them just to see if they remembered these predictions.
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And they confirmed all of them, I think with a few tweaks.
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And I said, okay, now I have 6,000 witnesses that this is true.
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And then I posted it on Locals so it'd be permanent there.
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And then I dropped the paywall for that post and then posted it on Twitter and then put
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Now, I went from being eaten live by trolls every day for two weeks to posting what my
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actual confirmed by thousands of witnesses predictions are.
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What do you think happened to the troll traffic after I printed my actual predictions confirmed
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I wrote up my predictions, but I stated at the front that is my claim that I'm the best
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If I had said, I think I did pretty good, that's bad persuasion.
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People would just look at it and say, ah, you didn't.
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But if you say, I did the best in the world, how much do you think that's going to make
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So the people who hate me the most are going to have to get a really big dose of my rightness
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I have made my claim that I am the best predictor.
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I have 6,000 witnesses that that's an accurate description of my predictions.
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And it does, I think, stand up to anybody's predictions.
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I do believe that I can now take the throne of the best predictions of the pandemic.
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Now, how many people are pushing against that after reading the predictions?
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Not a single person who has read the predictions
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has denied the statement that I'm the best predictor in the whole country.
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But when it comes to the point where somebody's going to have to do a roundup of all the predictions,
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Now, I've already created all of the document for mine.
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I do have the best case for the best predictor in the whole pandemic.
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Two weeks ago, I was in an impossible situation,
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And then the resolution is the impossible solution.
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All right, let's get rid of a few assholes here,
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If you could design a creative hell-on-earth prison
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by always predicting the worst possible outcome.
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Because whoever predicts the most doom and gloom outcome
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So Dogbird, in an upcoming series, will realize that.
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And so he challenges, Dogbird challenges Dilbert
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and I guess somebody had made a fake quote from her
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and the fake quote and passed it around and said,
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The spokesperson for the President of the United States
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inflation isn't a problem if you don't buy anything.
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you should maybe become more of a barter economy.
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That if you just apply the really filter to it,
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in which he turned against part of the country,
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where somebody who had COVID and a gunshot wound that
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was obviously fatal, that the doctors would code that
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Do you believe that as, you know, I'm not talking
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I'm saying, do you believe that a doctor would code a
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So many of you say, yes, the financial incentive is
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And follow the money works most of the time, right?
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Talk to a doctor who is involved in making that call.
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I know you have a financial incentive there for the
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But if you had somebody who obviously died from a
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personally, doctor, would you code that as a COVID
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I believe you will get zero doctors to agree to that.
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And I've got zero doctors to say, no, we use our
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I believe that you and the doctor believe that this is a
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widespread thing of, you know, car accidents coded as COVID.
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We can all guarantee that somebody's coded things wrong.
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But if you think it's widespread, talk to a doctor who
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And the doctor who doesn't says, there's no fucking way we're
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going to code a guy with a missing head as a COVID death.
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It doesn't matter if the hospital gets extra money.
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It doesn't matter if the hospital is going to get mad at us.
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There's no fucking way we're going to code a guy with no head as a
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Doctor says, well, this is a COVID death because we'll get more money.
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By the way, the doctor doesn't need more money.
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He's not risking everything he worked for, for his own money directly.
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But to keep the hospital happy, so that he can keep having hospital privileges.
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You think that a doctor looks at a guy with no head, and the financial incentive is not
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And he thinks he's going to get in trouble and lose his privileges for coding a headless
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Is there a hospital that's going to take away somebody's privileges because they coded a
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headless guy as a COVID death for their benefit?
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Because as soon as you throw in follow the money, it can certainly follow the money.
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So I could do it with the other one and say, there's a financial incentive to do this,
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A huge financial interest, and you think it didn't happen?
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But in my mind, this is not your opinion, but in my mind, anybody who believes that a gunshot
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person gets coded as COVID, I believe, that's sketchy.
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Dr. Malone's claims were identical to MAGA opinion.
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That the things that Malone was saying were identical, identical to conservative, you know,
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And the one that really was the flag was the gunshot person coded as COVID.
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That's the sort of thing you could expect the public to say.
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But the fact that the doctor said it could be true.
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That's just a little too on the nose, compatible with what his audience wants to hear.
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He says that hospitals make more money by treating COVID because of the special bonuses
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Because I think hospitals lose money by treating COVID.
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Because they have to keep so much extra capacity so they can't do their normal hospital stuff.
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Now, I do know that hospitals would get direct payments for COVID patients.
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I'm saying that if you netted it out, you get extra money for COVID, but you lose money on your regular hospital business,
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because you're stopping business, don't you lose money?
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In all caps, life is good says, hell no, they get a ton of money.
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Yes, they get a ton of money for each COVID patient.
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They also lose money in other ways, because the hospital is not capacity.
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So, does the hospital say, let's do as much COVID as we can, because that makes us money,
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or do they say, let's do as little COVID as we can, even though we get money,
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because there'll be less impact on the other stuff?
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I don't think it's obvious that the hospitals make money on COVID.
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To me, I would guess, I would bet against it, actually.
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So, economics and business, that's my expertise.
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And my expertise says, I don't think that people are coding gunshot wounds as COVID,
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because it would be too risky once you get caught.
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And, although there are obviously some of that.
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And I'm not positive the hospitals are coding people for money, if you consider their entire situation.
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Also, Dr. Malone thought that the information coming out of that one state in India that he, I believe, mistakenly thinks crushed COVID,
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he thinks that there was a hush, maybe a cover-up after Biden visited Modi,
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because that's about the time that they stopped hearing about Adar Pradesh.
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Now, that feels a little conspiracy theory-ish.
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He didn't connect the dots and say there definitely was a conversation.
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But when he raises these conspiracy-ish thoughts, that reduces his credibility, in my mind.
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Because it's also a little too on the nose with what his audience wants to hear.
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He talked about athletes dropping dead as part of the anecdotal evidence.
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Do you believe that athletes are dropping dead at a higher rate than in the past?
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Do you think the athletes themselves don't know if people are dying on the field in an unusual rate?
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All the attention on professional athletes, they play in public.
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and you think that the players themselves haven't noticed that people are dropping dead at a rate that never happened before?
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Now, I think the really filter works on this one.
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There's no fucking way that people are dropping like flies in public in front of all these witnesses,
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and in front of all these witnesses, and the teams themselves haven't noticed.
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Like they're not talking to the other players and saying,
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It would be the most well-known fact you had ever seen in your life.
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And I believe, and I know some of you believe that it's true because you've seen the compilations,
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So the very fact that you saw it on a video should give you a 60% chance it's not true.
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Just because we live in that world where here it is on video, well, 60% chance it's not true.
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So I'm going to say that personally, I think the athletes dropping dead couldn't possibly be true.
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I say that, just assume that everything I say is appended with, but I could be wrong.
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Well, so I would say that's kind of an obvious mistake for a doctor to make, in my opinion.
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Now, again, I'm dealing outside of his field of expertise and I'm in mine, right?
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My field of expertise would be the psychological part and the fake news part.
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So I know more about fake news and probably more about some of the psychological stuff.
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And to my view, it looks obvious that that's not real and he believes it's real.
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He also said that look at Israel versus the Palestinian territories.
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So you could look at those two situations and maybe that would tell you something.
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At the same time, he says you can't compare any two situations because there are too many variables involved.
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Within a period of, I think, 10 minutes, he gave opinions on both sides of this, I think.
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I believe he said you couldn't compare countries because there are too many confounding variables.
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And then he said, go look at the difference between Israel and the Palestinian states.
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And I think he actually said that he believes the Palestinians might have some kind of ivermectin or early treatment thing going on.
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And he says, he basically indicated you could just look at their numbers and you could deduce that they were using ivermectin or hydroxychloroquine.
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Now, he didn't say it as directly as I just said it.
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So remember, I'm only dealing from the impressions I got.
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I can't get inside his head to know what he meant.
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What I heard was, don't pay attention to data like this, but you can totally pay attention to data like this.
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I'm telling you what I received, which is different from what was true.
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So, in my opinion, that decreased his credibility substantially.
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He also said something similar about the VAERS database.
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He makes the point you can't judge too much by anecdotal stuff,
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but then the VAERS database is pretty anecdotal in the sense that it's humans reporting things.
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The VAERS database, I think we all know, is reporting more problems with these vaccines than normal.
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The VAERS database is showing much more problems than normal.
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His assumption is that the VAERS database is underreported because it has been in the past.
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That assumption, I don't consider good thinking.
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Because what's different about this is that we're all thinking and talking about the pandemic all the time.
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One would assume that in this situation, the psychology of it could easily make the VAERS database far overreported.
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But only in this specific case, because of the attention.
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If we were not paying attention to the vaccine, probably underreported.
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This specific case, we're all worked up about...
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I mean, how many people think they had COVID and didn't?
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How many of your friends, or even you, believe that at some point you had already had COVID
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and you did your PCR test and you never had it?
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So, what does the VAERS database, which is people reporting their symptoms,
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what's going to happen when you know that people are massively imagining symptoms?
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You don't have to wonder if people are massively imagining symptoms.
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Because so many people said they had COVID and didn't.
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So, if you don't at least acknowledge that the VAERS database this time could be overreported,
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I consider that either bad thinking or a little sketchy.
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I forget the context, but he was talking about some situation in which your risk is doubled.
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Was it if you've already been infected, getting the vaccination would increase your risk of side effects?
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The point was that he mentioned a change in the percentage without mentioning the raw numbers.
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When somebody tells you the percentage without the raw number, they are trying to mislead.
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If they tell you the raw number without the percentage, they are trying to mislead.
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If they tell you both, they're probably trying to just give you information.
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He gave us a percentage without a raw number, suggesting that something was risky, when in fact, without the raw number, you don't know if your risk went from two in a million to four in a million.
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But if it's an of a million, does it change your decision?
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Two out of a million, four out of a million, it's the same decision.
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So, these are tells for disingenuous and or bad analysis.
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So, using the Gelman theory of the things which I believe my expertise has visibility on, which doesn't include any of the medical stuff.
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The only visibility I have is fake news, how anecdotes fool us, consistency, BS detector, economics.
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All right, so those are fields which I have pretty good visibility in.
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And in most of those things that I can see, I have real problems.
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The stuff I have no visibility on, which is all the doctory stuff about spike proteins, I didn't see a problem.
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So, my bottom line is, trust the rogue doctors at your peril.
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Because, as often as they are, as awesome as they are, and might even be right.
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In fact, the doctor's main message is that the, you know, the pharma is corrupt, the data is probably bad, and the vaccinations might be worse for you than you think.
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Well, I'm not on board with the, let's say, the credibility of the presentation.
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And so, there may be some things there that you should at least put your skepticism thing up.
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Now, some of you have accused me of not being skeptical enough.
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Because, I refuse to believe everything that Dr. Malone says, and I guess that means that I'm believing the official narrative, so that I'm not skeptical enough.
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I'm a double skeptic, and many of you are single skeptics.
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I doubt everything the mainstream narrative tells me.
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If you believe the doctor, but doubt the mainstream narrative, you are way less skeptical than I am.
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So, if you want to mock me, do it from a position of you believing things that I don't believe, because, well, they don't look that credible to me.
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Number one, was my approach reasonable, given that I'm a non-expert looking at an expert?
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I think if you think I wasted my time because I didn't convince anybody, that's probably true.
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But I was asked to do this, and I had committed to do it, and so I felt a responsibility to do it.
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I'm not aware of anything that Dr. Malone is saying that would look to me like he would be aware of lying to you.
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So I didn't see anything that looked like a lie.
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I didn't see anything that looked like anything like an intentional lie.
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I just saw things that I think maybe our assumptions were different about what's true and what's not.
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Well, if you're not aware of it, it's not a lie.
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Now, I just spent a whole bunch of time saying that there were signs of his credibility.
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But within the realm that I can't fact check him on, he scared me enough that there was at least the possibility that the booster would be a problem, that he talked me out of it.
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Because if I don't get the booster and I die from it, well, there you go.
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If you still have problems with any of my COVID opinions, go look at my pinned tweet.
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You can see what I predicted and what I didn't.
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I believe this is the best show I've ever put on.
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Maybe the best one you've ever seen in your whole life.
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Possibly the best thing that's ever happened to you.
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And on that note, we will be ending today's episode.