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E89: GDP growth negative in Q2, $SHOP layoffs, Alzheimer's fraud, Ginkgo acquires Zymergen & more
All-In with Chamath, Jason, Sacks & Friedberg
Government's Job Is to Create Economic Incentives That Tip the Balance of Power Towards Investment
The government's job is to create economic incentives that tip the balance of power towards investment. The worst thing a government can do is step in, because it completely perturbs what true supply or demand is. In any market, they should be able to do this. But i think what fribrook is saying is when then they do do it successfully, and a market starts to germinate on its own, where supply and demand happens naturally between the private markets. That is where they are exceptional.
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