Sunday, April 19, 2020

Report corruption

Hi Angad,

Don't know if this video segment from Rising on The Hill's website on Friday (4-17-20) appeals for the blog, but investor Chamath Palihapitiya makes a powerful point about letting large companies that take big risks collapse, as they should under capitalism. He made that point earlier in an interview that went viral. In this one https://thehill.com/hilltv/rising (at 5:30 int the 6th segment), he also notes:

Over the past 4 weeks, the Fed has printed $12 trillion, which could have gone to
1. Cover the entire 2019 wages of every person in the U.S.
2. Paid off all student debt
3. Left $5 trillion for companies

Tina

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