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4min chapter
E120: Banking crisis and the great VC reset
All-In with Chamath, Jason, Sacks & Friedberg
The Role of Inflation in the Global Economy
When we shut down the world from COVID, there's no blame. There was a massive cost that had to be born at some point. And you're going to see it in the wipeout of certain equity. The effects are obviously still being felt. That is the cannonball that got blown through the ship. Everything else is plumbing and patching and work to try and keep the ship afloat. We've been loading the ship up with debt...and the ship is sinking.
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