Episode
E2: Rebooting the economy, understanding corporate debt, steps to avoid a depression & more with David Sacks
1:13:35
Published: Sat Apr 11 2020
Description
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?
Chapters
The All In hosts discuss the current state of quarantine and how some people prefer to avoid speculation and questioning authority during uncertain times.
00:00 - 01:19 (01:19)
Summary
The All In hosts discuss the current state of quarantine and how some people prefer to avoid speculation and questioning authority during uncertain times.
EpisodeE2: Rebooting the economy, understanding corporate debt, steps to avoid a depression & more with David Sacks
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
In this episode, Jason Calacanis and Chamath Palihapitiya discuss how the pandemic has impacted the business world, the three different scenarios they see playing out, and how they believe it will impact startups.
01:19 - 08:01 (06:42)
Summary
In this episode, Jason Calacanis and Chamath Palihapitiya discuss how the pandemic has impacted the business world, the three different scenarios they see playing out, and how they believe it will impact startups.
EpisodeE2: Rebooting the economy, understanding corporate debt, steps to avoid a depression & more with David Sacks
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Waiting even just two to three weeks can make a significant difference in reducing the transmission rate of COVID-19, which can double in as little as two to three days.
08:01 - 15:48 (07:47)
Summary
Waiting even just two to three weeks can make a significant difference in reducing the transmission rate of COVID-19, which can double in as little as two to three days. Despite concerns about the health system's capacity, it has shown resilience and capability to adapt to the growing number of cases.
EpisodeE2: Rebooting the economy, understanding corporate debt, steps to avoid a depression & more with David Sacks
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
This podcast episode discusses the different agendas and approaches of various entities in dealing with the pandemic.
15:48 - 21:56 (06:07)
Summary
This podcast episode discusses the different agendas and approaches of various entities in dealing with the pandemic. It also touches on the idea of trying new things and iterating in the face of uncertainty.
EpisodeE2: Rebooting the economy, understanding corporate debt, steps to avoid a depression & more with David Sacks
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The controversy on hydroxychloroquine treatment for COVID-19 started with research papers suggesting its effectiveness in vitro and against SARS, prompting FDA to authorize doctors to try it in emergency trials with patients.
21:56 - 27:20 (05:23)
Summary
The controversy on hydroxychloroquine treatment for COVID-19 started with research papers suggesting its effectiveness in vitro and against SARS, prompting FDA to authorize doctors to try it in emergency trials with patients. Rapid decentralized information sharing among hospitals and doctors is also helping in finding the right answer for treating the virus.
EpisodeE2: Rebooting the economy, understanding corporate debt, steps to avoid a depression & more with David Sacks
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The COVID-19 response should be managed like a product release, with different individuals in charge of each phase, instead of relying on daily updates, which can create an overfocus on short-term goals.
27:20 - 34:35 (07:15)
Summary
The COVID-19 response should be managed like a product release, with different individuals in charge of each phase, instead of relying on daily updates, which can create an overfocus on short-term goals. This approach could help balance concerns about public health and economic livelihoods.
EpisodeE2: Rebooting the economy, understanding corporate debt, steps to avoid a depression & more with David Sacks
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
This podcast episode features a discussion around the use of immunity cards and how they can be used to help people return to work soon.
34:35 - 42:09 (07:33)
Summary
This podcast episode features a discussion around the use of immunity cards and how they can be used to help people return to work soon.
EpisodeE2: Rebooting the economy, understanding corporate debt, steps to avoid a depression & more with David Sacks
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Returning to pre-pandemic life may take up to two years and businesses may not fully recover until a vaccine is readily available.
42:09 - 49:48 (07:39)
Summary
Returning to pre-pandemic life may take up to two years and businesses may not fully recover until a vaccine is readily available. Despite the efforts of policymakers like Jerome Powell, more time and consideration may be needed to carefully navigate the road to recovery.
EpisodeE2: Rebooting the economy, understanding corporate debt, steps to avoid a depression & more with David Sacks
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The way debt is bought, and the bailout system is organized can result in bailouts that favor politically connected and powerful people instead of workers and pension funds.
49:48 - 57:31 (07:43)
Summary
The way debt is bought, and the bailout system is organized can result in bailouts that favor politically connected and powerful people instead of workers and pension funds. It remains to be seen if the American consumer will become more modest and live a more rural lifestyle after this crisis.
EpisodeE2: Rebooting the economy, understanding corporate debt, steps to avoid a depression & more with David Sacks
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The consequences of prolonged quarantine, including skyrocketing national debt and ongoing struggles for Americans, may lead to people disregarding social distancing measures and going out into the world.
57:31 - 1:05:37 (08:05)
Summary
The consequences of prolonged quarantine, including skyrocketing national debt and ongoing struggles for Americans, may lead to people disregarding social distancing measures and going out into the world. Pumping trillions into the capital markets without considering the needs of states and communities could exacerbate the situation.
EpisodeE2: Rebooting the economy, understanding corporate debt, steps to avoid a depression & more with David Sacks
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
As the US faces a potential recession, there is speculation that the outcome will determine whether Trump will be seen as a Hoover or an FDR, and how to exit from quarantine will be the next big political debate.
1:05:37 - 1:09:22 (03:44)
Summary
As the US faces a potential recession, there is speculation that the outcome will determine whether Trump will be seen as a Hoover or an FDR, and how to exit from quarantine will be the next big political debate.
EpisodeE2: Rebooting the economy, understanding corporate debt, steps to avoid a depression & more with David Sacks
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The speaker expresses their skepticism towards philanthropy, citing it as a means for the established rich to have their names on things.
1:09:21 - 1:12:54 (03:32)
Summary
The speaker expresses their skepticism towards philanthropy, citing it as a means for the established rich to have their names on things. They suggest the use of a billion dollars to create a Google spreadsheet for tracking masks instead.
EpisodeE2: Rebooting the economy, understanding corporate debt, steps to avoid a depression & more with David Sacks
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The hosts express their appreciation for essential workers and encourage the audience to wear masks and support those on the front lines of the pandemic.
1:12:54 - 1:13:33 (00:39)
Summary
The hosts express their appreciation for essential workers and encourage the audience to wear masks and support those on the front lines of the pandemic.