The Megyn Kelly Show Biden's Inflation Crisis, and Elon Musk vs. the Bots, with David Sacks, Renee DiResta, and Todd Henderson | Ep. 356
Jul 13, 2022
David Sacks, entrepreneur and co-host of the 'All-In' podcast, discusses Biden's inflation crisis and the shifting political landscape as working-class voters move toward the Republican party. Renee DiResta, a disinformation expert, delves into the challenges of bot behavior on social media, revealing the impact of Russian troll farms and the struggle against misinformation. Lastly, Todd Henderson, law professor, unpacks the legal battle between Elon Musk and Twitter, examining contract law implications and the ongoing dispute over bot disclosures.
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Biden's Inflation Narrative
- Biden insists inflation is not as bad as it seems, blaming Putin and outdated data.
- However, groceries, chicken, electricity, and rent have seen the biggest increases in decades.
An Odd Recession
- The current recession is unusual: jobs are available, but real wages are not keeping up with inflation.
- The labor participation rate is low, but service industries struggle to find staff.
Tech Slowdown
- Startups are the "canaries in the coal mine" for economic slowdowns, as their valuations are tied to public markets.
- The current tech slowdown started in November 2021 when the Fed addressed inflation, affecting growth stocks.
