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E24: Markets trend down, political manipulation via COVID “Zeroism," stimulus breakdown, biological Patriot Act
All-In with Chamath, Jason, Sacks & Friedberg
The Pandemic Was the Exact Opposite
Government policy is basically trying to create a soft landing where all of a sudden, the cost of capital is low enough now. The pandemic was the exact opposite - we actually hit the bottom in month one because we said, everything go to zero right now. So i in one wayis like all the tools oror actually, now we need to think about them in opposite,. and i don't think we have that training to do that well.
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