Market psychology and commodity overreactions

On this week's show: Mike Solana of Pirate Wires joins us to talk about Silicon Valley. He’s been talking with lots of billionaires who are taking steps to exit California in anticipation of a proposed wealth tax. We discuss how credible those threats are, and what makes the wealth tax different from prior soak-the-rich tax proposals.

Plus: the alleged “Gay Tech Mafia,” of which Wired magazine says Mike is a member, the gyrating price of oil, and the outrage over Timothée Chalamet saying “no one cares” about ballet or opera.

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