Chapter
UK New Government: Plans for Taxes, Energy Bills and Transfer Payments
33:42 - 41:16 (07:33)
The UK's newly elected government plans to massively cut taxes, cap energy bills and provide huge transfer payments to British citizens, all while raising rates by 140 basis points. Nonetheless, using data like rent and car prices is still a challenge for the government's plans.
Clips
The economic policies proposed by Liz Truss, including massive tax cuts, fiscal stimulus and energy bill caps, along with transfer payments from the government to its citizens have created an atmosphere of insanity, despite the Bank of England's plan to raise rates by 140 basis points soon.
33:42 - 35:48 (02:05)
Summary
The economic policies proposed by Liz Truss, including massive tax cuts, fiscal stimulus and energy bill caps, along with transfer payments from the government to its citizens have created an atmosphere of insanity, despite the Bank of England's plan to raise rates by 140 basis points soon.
ChapterUK New Government: Plans for Taxes, Energy Bills and Transfer Payments
EpisodeE98: Big tech starts making cuts, Fed incompetency, global debt, Russia/Ukraine & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The podcast discusses the potential economic crisis and the suggestion of creating a cap on debt and issuing 100 year bonds with zero rates.
35:48 - 37:28 (01:40)
Summary
The podcast discusses the potential economic crisis and the suggestion of creating a cap on debt and issuing 100 year bonds with zero rates. The conversation then shifts towards Apple's hypothetical layoffs and how it could impact the economy.
ChapterUK New Government: Plans for Taxes, Energy Bills and Transfer Payments
EpisodeE98: Big tech starts making cuts, Fed incompetency, global debt, Russia/Ukraine & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The way that economic data works can lead to odd anomalies such as sudden spikes or drops, and perhaps it would be better to keep rates at a consistent and reasonable level instead of fluctuating so violently.
37:29 - 41:16 (03:46)
Summary
The way that economic data works can lead to odd anomalies such as sudden spikes or drops, and perhaps it would be better to keep rates at a consistent and reasonable level instead of fluctuating so violently. An example of this is rent data, which is bled in over six months, but last summer had a surprise 5.1% print that was dismissed as transitory.