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E23: Radical DAs, breaking down FB/Google vs. Australia, sustained fear post-vaccine & fan questions!
All-In with Chamath, Jason, Sacks & Friedberg
The Us. Dollar Is Not the World's Reserve Currency Anymore
We're accruing these unpayable deficits and debts, an obligations. And a all this money has to be paid back at some point. I think the reason why we're seeing bicoin go to the moon right now is because people are speculating that it might be the future world reserve currency. The only way that works over time is if your future shows that borrowing allows you to grow your revenue more,. therefore you can underwrite taking on debt to pay in the future. So you force growth. Things should and would always grow. And we force things to always grow because of the mechanism by which we fund our services at a government level. It's pretty scary to think
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