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E25: Biden's vaccine mandate, "equity" in distribution, NFT speculation, impact of inflation & more
All-In with Chamath, Jason, Sacks & Friedberg
Inflation in the 20th Century Is a Good Idea
I think that's a function of pricing power going up for sass companies as they become more established and entrenched. Those companies are very profitable. I don't think they're experiencing wage pressure in any way. But i want to challenge the idea that the us economy was doing well in the 19 70 so chamoth mentioned the jinni index. The misery index was defined by a brooking economist, and it was basically the sum of the unemployment rate and the inflation rate. And in 19 80, the misery index was 19 point seven %. This is why ronald regan got elected, is because you had a c p i, which the ation rate, of 12
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