All-In E25: Biden's vaccine mandate, 'equity' in distribution, NFT speculation, impact of inflation & more
Episode 25 • 3/13/2021
Key Discussion Topics:
Vaccine Distribution & Policy
- Biden announces all adults eligible for vaccines by May 1st and puts country on "war footing" with 2.5-3M shots per day
- Criticism of California's vaccine distribution under Newsom, with 4.5M unused doses sitting unused due to eligibility requirements
- Debate over "equity" in distribution potentially slowing overall vaccination rates
- Discussion of vaccine efficacy data showing strong protection starting 8 days after first dose
NFT Market & Digital Assets
- Beeple NFT sells for $69M at Christie's auction
- Analysis of NFT buyer demographics showing 58% millennials
- Discussion of NFTs as legitimate technology for proving ownership/provenance on blockchain
- Potential applications beyond art into real estate, cars, and other assets
Economic Impact & Inflation
- Debate over necessity of $1.9T stimulus package
- Historical discussion of 1970s inflation and wealth inequality
- Concerns about potential inflation impacts on different sectors
- Analysis of how inflation affects wealth distribution and asset values
Crime & Quality of Life
- Discussion of rising crime in San Francisco under DA Chesa Boudin
- Comparison of prosecution rates between Boudin and previous DA
- Impact on quality of life and business in the city
Notable Quotes:
Chamath on equity: "People who use that word are stupid... the most inequitable thing is to actually take the most impoverished and fragile of the population and prevent them from actually getting the vaccine"
Sacks on inflation: "Mild inflation of, say, 2% is better than 2% deflation... but I think we should be very careful here about inflation and making sure it doesn't get out of control"