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4min chapter
E120: Banking crisis and the great VC reset
All-In with Chamath, Jason, Sacks & Friedberg
The Fed's Emergency Position on Inflation
The only way to make the banks in a position to repay this much money in one year is to cut interest rates so massively that these assets massively inflate. As far as I can tell, all we've done is we've kicked the can down the road for a year. Freeburg: How do we keep the ship from taking on water if we do have a cannonball hit it again? That's a hard equation to solve.
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