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E2: Rebooting the economy, understanding corporate debt, steps to avoid a depression & more with David Sacks
All-In with Chamath, Jason, Sacks & Friedberg
Are We Going to Get Back to Work?
I think we're doing an enormous amount of damage because we're taking trillions of dollars and flooding it into the economy in a way that's just not going to be effective. And i don't think that we're taking enough time to think through these things. The lending programme to companies has been haphazard and difficult, but it did get started in three weeks,. Some people gotten money in wek four of this, i means, pretty incredible. Now, you know, on average, these loans are turning out to be sort of, like, you know, in the tens of thousands. But again, all that is still a small rounding rounding error. We've smeared almost ten
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