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E121: Macro update, Fed hike, CRE debt bubble, Balaji's Bitcoin bet, TikTok's endgame & more
All-In with Chamath, Jason, Sacks & Friedberg
The End of US Supremacy
Chama fat: Some are predicting the end of US supremacy, the end of the dollar. He says modern monetary theory seems to stay that you can just keep printing dollars and make a couple trillion dollar coins a backstop it. Fat: MMT was in hindsight, idiotic in the moment, but in hindsight, it's clearly idiotic. The reason we print so much money is sort of what Free Brook says, which is that we just want a well functioning society.
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