Episode
E51: Supply Chain Shortages, Inflation, DeSantis, Ted Sarandos Netflix Memo, Cancel Culture, Fan Q&A
1:33:25
Published: Sat Oct 16 2021
Description
Show Notes: 00:00 Cold Open 01:19 Titles 01:01 Intro Banter 04:24 Supply chain, labor shortage, 34:04 Taiwan 43:14 Sacks Desantis 47:00 Dave Chappelle 01:08:24 FDA 01:23:27 Question 1 01:27:08 Question 2 Follow the besties: https://twitter.com/chamath https://linktr.ee/calacanis https://twitter.com/DavidSacks https://twitter.com/friedberg Follow the pod: https://twitter.com/theallinpod https://linktr.ee/allinpodcast Intro Music Credit: https://rb.gy/tppkzl https://twitter.com/yung_spielburg Intro Video Credit: https://twitter.com/TheZachEffect Referenced in the show: Statista - The U.S. Car Models Most Impacted By The Microchip Shortage Zack Kanter on Twitter - "The “supply chain crisis” is a clever rebrand" Naithan Jones on Twitter - NFTs Daily Breeze - No start date for 24/7 operations at Port of LA LA Daily News - Port of LA to go to 24/7 operations, Biden announces Nikkei Asia - TSMC announces plans to build first chip plant in Japan St. Louis Fed - Total Public Debt as Percent of Gross Domestic Product Forbes - Druckenmiller Blasts Fed’s ‘Radical’ Stimulus Policy David Sacks on Twitter - Desantis Dinner Variety - Ted Sarandos Doubles Down The Light of Other Days by Arthur C. Clarke CFTC Orders Tether and Bitfinex to Pay Fines Totaling $42.5 Million NBC - Most adults shouldn't take daily aspirin Botched - Man Wins $100,000 Breast Implants Bet!
Chapters
The players started with $500/$1000 chips but quickly raised the stakes to $1000/$2000, $2000/$4000, and even $32,000.
00:00 - 00:39 (00:39)
Summary
The players started with $500/$1000 chips but quickly raised the stakes to $1000/$2000, $2000/$4000, and even $32,000. One player lost $800 while another lost $700.
EpisodeE51: Supply Chain Shortages, Inflation, DeSantis, Ted Sarandos Netflix Memo, Cancel Culture, Fan Q&A
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The Rain Man (Sacks), The Dictator (Palihapitiya) and The Queen of Quinoa (Friedberg) come together to discuss the ins and outs of the startup world, from unicorn valuation and fund raising to the traits that make great founders.
00:39 - 03:27 (02:47)
Summary
The Rain Man (Sacks), The Dictator (Palihapitiya) and The Queen of Quinoa (Friedberg) come together to discuss the ins and outs of the startup world, from unicorn valuation and fund raising to the traits that make great founders.
EpisodeE51: Supply Chain Shortages, Inflation, DeSantis, Ted Sarandos Netflix Memo, Cancel Culture, Fan Q&A
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The current labor shortage in America is different, as it may take at least a year to work through the current logjam and global supply chains due to limited inventory and rising costs.
03:27 - 09:35 (06:08)
Summary
The current labor shortage in America is different, as it may take at least a year to work through the current logjam and global supply chains due to limited inventory and rising costs. The only efficient way to resolve this is by raising salaries, which are consistent and persistent.
EpisodeE51: Supply Chain Shortages, Inflation, DeSantis, Ted Sarandos Netflix Memo, Cancel Culture, Fan Q&A
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The rising prices resulting from supply chain disruptions may accelerate the trend towards automation of low-cost labor, forcing businesses to invest in capital and infrastructure.
09:35 - 15:53 (06:17)
Summary
The rising prices resulting from supply chain disruptions may accelerate the trend towards automation of low-cost labor, forcing businesses to invest in capital and infrastructure. The economic task force is currently trying to balance tapering inflationary effects with avoiding economic disruption by raising interest rates while negotiating with unions.
EpisodeE51: Supply Chain Shortages, Inflation, DeSantis, Ted Sarandos Netflix Memo, Cancel Culture, Fan Q&A
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Experts predict that the labor shortage in the United States will worsen and businesses will have to increase wages to attract workers.
15:53 - 20:54 (05:00)
Summary
Experts predict that the labor shortage in the United States will worsen and businesses will have to increase wages to attract workers. As a result, prices of goods and services may rise, and the Federal Reserve and the European Central Bank may tighten their posture.
EpisodeE51: Supply Chain Shortages, Inflation, DeSantis, Ted Sarandos Netflix Memo, Cancel Culture, Fan Q&A
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Tech companies promise future payouts with their stocks as investments, but as interest rates rise, investors demand higher dividends yields on their stock investments in the present, which poses a major trade-off for tech companies.
20:54 - 27:47 (06:53)
Summary
Tech companies promise future payouts with their stocks as investments, but as interest rates rise, investors demand higher dividends yields on their stock investments in the present, which poses a major trade-off for tech companies.
EpisodeE51: Supply Chain Shortages, Inflation, DeSantis, Ted Sarandos Netflix Memo, Cancel Culture, Fan Q&A
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Stanley Druckenmiller warns that if the US 10-year Treasury yields rise to 4.9%, government spending would be mostly paying back interest expense, leading to a risk of stagflation in the form of a supply chain shortage and a 5.1% interest rate.
27:47 - 34:17 (06:29)
Summary
Stanley Druckenmiller warns that if the US 10-year Treasury yields rise to 4.9%, government spending would be mostly paying back interest expense, leading to a risk of stagflation in the form of a supply chain shortage and a 5.1% interest rate. This would result in the entire federal budget being used for debt service, limiting flexibility for future interest rate increases.
EpisodeE51: Supply Chain Shortages, Inflation, DeSantis, Ted Sarandos Netflix Memo, Cancel Culture, Fan Q&A
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Could allowing more immigrants to take low-income jobs solve shortages in certain industries in America?
34:17 - 39:20 (05:03)
Summary
Could allowing more immigrants to take low-income jobs solve shortages in certain industries in America? Some argue that could prove to be a major boost to many businesses.
EpisodeE51: Supply Chain Shortages, Inflation, DeSantis, Ted Sarandos Netflix Memo, Cancel Culture, Fan Q&A
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The best way to run a country is to recruit the best talent, much like how sports teams function.
39:20 - 44:25 (05:04)
Summary
The best way to run a country is to recruit the best talent, much like how sports teams function. By taking emotion out of immigration and implementing a point-based system like Australia, New Zealand, the UK, and Canada, we can focus on performance and statistical excellence.
EpisodeE51: Supply Chain Shortages, Inflation, DeSantis, Ted Sarandos Netflix Memo, Cancel Culture, Fan Q&A
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Republican strategist Karl Rove advises the party to find a candidate focused on the future, not one who is stuck in the past, to run for presidency.
44:25 - 47:05 (02:40)
Summary
Republican strategist Karl Rove advises the party to find a candidate focused on the future, not one who is stuck in the past, to run for presidency. Rove specifically criticizes Donald Trump's behavior and encourages support for Florida Governor Ron DeSantis.
EpisodeE51: Supply Chain Shortages, Inflation, DeSantis, Ted Sarandos Netflix Memo, Cancel Culture, Fan Q&A
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Dave Chappelle has defended his latest comedy special, Sticks and Stones, in which he jokes about sensitive topics such as the LGBTQ community and school shootings.
47:05 - 51:38 (04:32)
Summary
Dave Chappelle has defended his latest comedy special, Sticks and Stones, in which he jokes about sensitive topics such as the LGBTQ community and school shootings. Despite concerns from some Netflix employees about the potential harm of the content, Chappelle believes it's important to continue making comedy that pushes boundaries and sparks conversations.
EpisodeE51: Supply Chain Shortages, Inflation, DeSantis, Ted Sarandos Netflix Memo, Cancel Culture, Fan Q&A
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The issue of cancel culture cannot be resolved through rational debate and there needs to be a massive escalation of conflict to resolve it in one way or another.
51:38 - 1:02:36 (10:58)
Summary
The issue of cancel culture cannot be resolved through rational debate and there needs to be a massive escalation of conflict to resolve it in one way or another.
EpisodeE51: Supply Chain Shortages, Inflation, DeSantis, Ted Sarandos Netflix Memo, Cancel Culture, Fan Q&A
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Tether, a stable coin with multi-billion dollar market capitalization, has been accused of market manipulation and misrepresenting to customers their USD reserves to back every USD Tether in circulation with the equivalent amount held in other bank accounts.
1:02:36 - 1:08:09 (05:33)
Summary
Tether, a stable coin with multi-billion dollar market capitalization, has been accused of market manipulation and misrepresenting to customers their USD reserves to back every USD Tether in circulation with the equivalent amount held in other bank accounts. They allegedly have only 6-6% of cash in a bank account and the rest in highly volatile corporate paper.
EpisodeE51: Supply Chain Shortages, Inflation, DeSantis, Ted Sarandos Netflix Memo, Cancel Culture, Fan Q&A
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The FDA's drug approvals are based on independent advisory panels who review research data and make recommendations, which is a good process to ensure safety and efficacy.
1:08:09 - 1:18:47 (10:37)
Summary
The FDA's drug approvals are based on independent advisory panels who review research data and make recommendations, which is a good process to ensure safety and efficacy. Without this process, drug companies could potentially sell harmful products to individuals in a free-for-all manner.
EpisodeE51: Supply Chain Shortages, Inflation, DeSantis, Ted Sarandos Netflix Memo, Cancel Culture, Fan Q&A
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The use of quantum computers to simulate the quantum states of molecules might help understand how two molecules interact with each other, which is difficult today to model deterministically in physics.
1:18:47 - 1:27:02 (08:14)
Summary
The use of quantum computers to simulate the quantum states of molecules might help understand how two molecules interact with each other, which is difficult today to model deterministically in physics.
EpisodeE51: Supply Chain Shortages, Inflation, DeSantis, Ted Sarandos Netflix Memo, Cancel Culture, Fan Q&A
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The speaker reflects on the reward of making and selling great products while discussing their favorite role as a former Monsanto executive with access to a private jet and a stocked liquor cabinet.
1:27:02 - 1:31:41 (04:39)
Summary
The speaker reflects on the reward of making and selling great products while discussing their favorite role as a former Monsanto executive with access to a private jet and a stocked liquor cabinet.
EpisodeE51: Supply Chain Shortages, Inflation, DeSantis, Ted Sarandos Netflix Memo, Cancel Culture, Fan Q&A
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The podcast ends with the hosts making vague references to leaving with something and betting on a game, while also planning a future gig at the mausoleum.
1:31:41 - 1:32:27 (00:45)
Summary
The podcast ends with the hosts making vague references to leaving with something and betting on a game, while also planning a future gig at the mausoleum.