E2: Rebooting the economy, understanding corporate debt, steps to avoid a depression & more with David Sacks

All-In with Chamath, Jason, Sacks & Friedberg

All-In Podcast, LLC

Business, Entrepreneurship, Technology

4.0 • 10.4K Ratings

🗓️ 11 April 2020

⏱️ 74 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Follow @chamath: https://twitter.com/chamath

Follow @jason: https://twitter.com/Jason
https://linktr.ee/calacanis

0:01 Jason & Chamath catch us up on their quarantines

1:20 Chamath intros David Sacks

4:40 David explains what their poker group chat has been like since COVID-19 started, and how Jason, Chamath & himself fall on the optimistic/pessimistic spectrum

6:58 How have the past few months defined David's view on the world, and what is his reaction to the US government's response?

12:22 Did the US health apparatus do its job? How could it improve? Why aren't masks already mandated?

19:33 Culture clash between scientific experts & entrepreneurs, thoughts on Chloroquine as a treatment method

27:00 Are US bureaucrats taking the intelligence of US citizens for granted? How liable is Trump?

30:08 David gives his plan to reboot the economy: what now? How does the US avoid a recession/depression?

36:22 Chamath & Jason assess David's plan

43:21 Have the stimulus packages & SMB loans been enough? Will the trickle-down approach work?

49:21 Should the US be allowing companies to declare bankruptcy? How should they decide who gets aid and who does not?

52:02 Chamath explains how corporate debt works through the lens of Ford

56:42 Why is the US not giving a larger % of the stimulus to average Americans? Chances of unrest if quarantine continues?

1:02:17 Trump vs. Biden: who has the edge in 2020 right now?

1:11:24 Was Jack Dorsey's $1B donation the strongest move of 2020 so far?

Transcript

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0:00.0	All right, everybody, welcome to episode two of the All-in podcast with Jason and
0:04.8	Shamath's and basic ground rules here.
0:06.4	If you're not into speculation, you don't like to debate, you don't like to question
0:09.2	authority.
0:10.2	And you don't like to get a shit ton of inside information.
0:12.8	I'm going to actually turn the podcast off right now and go download the daily from
0:16.3	the New York Times or all things considered or some other bullshit.
0:19.5	But we're here to do speculating and talking about inside information and the real deal.
0:24.8	With me, as always, my co-host, Shamath Polly Hoppati.
0:28.1	If you don't know how to pronounce it, Polly, Hoppatiya.
0:31.8	Shamath, how are you doing?
0:32.6	You holding up, okay?
0:34.3	I am doing fabulously well.
0:36.3	We are in week four of our lockdown sheltering in place here.
0:40.3	You losing your mind?
0:41.8	I'm not because I'm fortunate to be in the suburbs.
0:46.2	I think if I was cooped up in an apartment in the city, I would feel a lot worse than
0:52.4	I do right now.
0:53.4	But there's a lot of fresh air.
0:54.4	The weather's finally turned.
0:55.4	It's not raining as much.
0:57.2	So we get to see the sun a little bit.
	...

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