Trump Takes On the Fed, US-Intel Deal, Why Bankruptcies Are Up, OpenAI's Longevity Breakthrough
All-In with Chamath, Jason, Sacks & Friedberg
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Government Intervention and Economic Strategy
This chapter explores the political strategies of the Federal Reserve under Powell, highlighting the government's decision to invest in Intel under the Chips Act. It debates the consequences of government ownership and funding models amidst U.S.-China economic competition, emphasizing the need for equity in governmental support of industries like chip manufacturing. The discussion underscores the complexities of government intervention in the economy, including managing taxpayer funds and the implications of establishing a sovereign wealth fund.
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