Key ideas from Ryan Petersen

• "The shipping container invention in the mid-1960s brought down global shipping costs by about 90%, fundamentally enabling modern globalization" - Ryan
• Global trade has grown at approximately 4% annually for 800 years since the Mongol invasions, creating exponential compound effects
• "Property rights and rule of law are the most important things - I will sacrifice literally everything in a society before those" - Rudyard
• Pre-industrial economies operated at 1-3% government spending versus 40%+ today, creating massive distortions in modern market signals
• Healthcare now comprises 20% of the US economy while manufacturing dropped to 8-10%, driven by currency inflation favoring asset holders
• "The economy has to be a reflection of reality - whatever distance you split between reality and the economy, you will suffer" - Rudyard
• Medieval decentralized power structures in Europe (100+ countries, competing institutions) created dynamic innovation hubs like Venice and Florence