Chapter
The Dangers of ZERP in the Current Economy
48:06 - 53:48 (05:42)
The current low-interest rate policy and government bailouts have led to a decrease in labor participation and increased net worth for older generations, while the government policies become less effective.
Clips
The interviewee argues that temporary government programs often end up becoming permanent fixtures, citing the example of ZERP leading to the erosion of trust in government and increased partisanship.
48:06 - 49:17 (01:11)
Summary
The interviewee argues that temporary government programs often end up becoming permanent fixtures, citing the example of ZERP leading to the erosion of trust in government and increased partisanship.
ChapterThe Dangers of ZERP in the Current Economy
EpisodeE98: Big tech starts making cuts, Fed incompetency, global debt, Russia/Ukraine & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The low-interest rates can be dangerous as it leads to irrational central bankers continually bailing people out, and a decrease in labor participation.
49:17 - 51:41 (02:24)
Summary
The low-interest rates can be dangerous as it leads to irrational central bankers continually bailing people out, and a decrease in labor participation. A high functioning government is challenging to achieve under such circumstances.
ChapterThe Dangers of ZERP in the Current Economy
EpisodeE98: Big tech starts making cuts, Fed incompetency, global debt, Russia/Ukraine & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
A monetary policy implemented by US Boomers has resulted in 1/7 of the world's assets being controlled by only 76 million people, primarily through deflated average boomer assets and real estate.
51:41 - 53:48 (02:07)
Summary
A monetary policy implemented by US Boomers has resulted in 1/7 of the world's assets being controlled by only 76 million people, primarily through deflated average boomer assets and real estate. This makes US Boomers the richest group in a global context.