E24: Markets trend down, political pandemic manipulation, stimulus breakdown, biological Patriot Act
- Mar 5, 2021
- 1:10:33
- Full Episode
Follow the besties: https://twitter.com/chamath https://linktr.ee/calacanis https://twitter.com/DavidSacks https://twitter.com/friedberg
Follow the pod: https://twitter.com/theallinpod https://linktr.ee/allinpodcast
Intro Music Credit: https://rb.gy/tppkzl https://twitter.com/yung_spielburg
Intro Video Credit: https://twitter.com/MikeSylvan
Referenced in the show:
NY Magazine - Zero COVID Risk Is the Wrong Standard https://nymag.com/intelligencer/article/school-opening-science-coronavirus-teacher-unions-zeroism.html
Released COVID-19 Response Contracts https://covid19.ca.gov/contracts
Chesa's "response" to Sacks https://twitter.com/chesaboudin/status/1366508970102247424
GoFundMe for SF DA reporter https://www.gofundme.com/f/report-on-chesa-boudin-san-francisco-crime
The Verge - Entire school board resigns in shame after forgetting their WebEx call was public https://www.theverge.com/tldr/2021/2/21/22294457/oakley-school-board-resigns-zoom
Show Notes: 0:00 Markets tank, reasons for optimism in the short-term 15:29 Breaking down the stimulus 24:12 California's COVID emergency stimulus mishaps, political manipulation via "Zeroism" 38:27 Biological Patriot Act, freedom of choice post-vaccination 49:23 Newsom recall update, SF DA Chesa Boudin's high school friend responds to Sacks, SF bureaucratic issues 1:00:33 Grading Biden's first 60 days in office, Oakley School Board mishap, teacher's union issues, Jason's red pill bender
Brief Summary
The hosts discuss market volatility, economic recovery, stimulus implications, and governance issues related to COVID-19 and education.
Key points
- Market Turmoil. A shocking two billion dollar loss leads to a discussion on market fundamentals.
- Inflation Questions. A provocative statement raises doubts about how inflation is measured in the economy.
- Debt Projections. The U.S. national debt is projected to reach alarming levels by 2051.
- The 1.9 Trillion Dollar Stimulus. A breakdown of the stimulus bill reveals questionable spending priorities.
- Zeroism and Public Health. The concept of 'zeroism' raises questions about pandemic policies and their implications.
- The End of COVID?. A discussion on declaring a date for the end of COVID restrictions.
Episode highlights
- Market TurmoilA shocking two billion dollar loss leads to a discussion on market fundamentals.“Thank god these companies have fundamentals because I haven't seen this much blood since Game of Thrones.”1:43Mar 5, 2021
- Inflation QuestionsA provocative statement raises doubts about how inflation is measured in the economy.“Maybe we've just been missing inflation all along.”9:28Mar 5, 2021
- Debt ProjectionsThe U.S. national debt is projected to reach alarming levels by 2051.“The U.S. national debt is likely to reach 202 percent of GDP by 2051.”18:14Mar 5, 2021
- The 1.9 Trillion Dollar StimulusA breakdown of the stimulus bill reveals questionable spending priorities.“It's a bunch of pork barrels.”22:42Mar 5, 2021
- Zeroism and Public HealthThe concept of 'zeroism' raises questions about pandemic policies and their implications.“Zeroism is an inability to conceive of public health measures in cost-benefit terms.”28:22Mar 5, 2021
- The End of COVID?A discussion on declaring a date for the end of COVID restrictions.“If Biden's correct, we should declare a date certain for the end of COVID.”45:11Mar 5, 2021
- Recall Movements Gain MomentumThe rise of recall movements in response to government actions during the pandemic.“People can be extremely effective at getting change done.”57:26Mar 5, 2021
- Frustration Over SyriaA heated discussion about the bombing in Syria and its implications.“What are we doing?”1:01:14Mar 5, 2021
