The Megyn Kelly Show Biden's "Strong" Economy Spin, and Smears Over Ukraine Nuclear Concerns, with David Sacks and David Friedberg | Ep. 413
Oct 17, 2022
David Sacks and David Friedberg, entrepreneurs and co-hosts of the All In Podcast, join to dissect President Biden's optimistic claims about the economy, contrasting them with harsh inflation realities. They delve into the troubling implications of a potential World War III due to Ukraine tensions and the smear tactics used against skeptics of U.S. actions. The duo also discusses the complex issues of free speech on social media and evolving dynamics in the tech world, touching on the implications of misinformation policies and new health insights on gut microbiomes.
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Economic Problems
- The US's economic woes stem from adopting MMT and maintaining low interest rates.
- This, combined with a lack of diplomacy in the Ukraine war, has exacerbated global economic problems.
Debt-Fueled Economy
- The 2008 financial crisis normalized quantitative easing, leading to its acceleration during the pandemic.
- This created an addiction to debt, fueling asset bubbles and unsustainable economic growth.
Financial Prudence
- Be cautious about overspending and prioritize saving.
- Rising interest rates, persistent inflation, and potential job losses create a bleak economic outlook.