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E137: Inflation cools, market rips, Ripple/MSFT beat regulators, NATO summit, cocktails of youth
All-In with Chamath, Jason, Sacks & Friedberg
The Cost of Borrowing Will Be High as Long as Spending Stays High
The cost of borrowing will become so Painful that is the argument that larry summers another contrarian economists have been making. The bricks countries are about to introduce an alternative currency that's based on gold. We haven't yet seen how or what the details are going to be but That's scary to be built into it. If you go back to a gold standard and the bricks countries move to that now, I know a lot of people may not Think that's much of a threat.
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