David Friedberg

And every American could watch that on television and understand what he was talking about, nodded their head, and Congress and the entire populace went along with it. Do we need that? Do we get that moment, do you think?

If this reconciliation bill gets done, Senator, in the next couple of weeks, what bill would you hope to see next to get to that North Star of fiscal responsibility? Is there a rescission bill that you'd be looking for? Do we need to actually have a sit down and talk about building a budget? What's the right next step here in creating a North Star that creates stability for the

If this reconciliation bill gets done, Senator, in the next couple of weeks, what bill would you hope to see next to get to that North Star of fiscal responsibility? Is there a rescission bill that you'd be looking for? Do we need to actually have a sit down and talk about building a budget? What's the right next step here in creating a North Star that creates stability for the

Well, look, I hope you find a path towards that goal, Senator. I think it's a critical time. And speaking as an American, appreciate your resiliency in the face of what I'm sure is a lot of political pressure. and tension right now in trying to make sure that the right thing is done here for the long term of American prosperity. So thank you for your service. Thank you for the work you do.

Well, look, I hope you find a path towards that goal, Senator. I think it's a critical time. And speaking as an American, appreciate your resiliency in the face of what I'm sure is a lot of political pressure. and tension right now in trying to make sure that the right thing is done here for the long term of American prosperity. So thank you for your service. Thank you for the work you do.

We appreciate it.

We appreciate it.

Well, I hope that there are others that get into the same mindset as you. I've always found it off-putting that folks choose to be politicians as a career rather than rotating in and out of doing this as a service. And then going back into the private sector, where I think that a lot of the misalignments and conditioning can be avoided. So yeah, I appreciate that mindset. And thank you.

Well, I hope that there are others that get into the same mindset as you. I've always found it off-putting that folks choose to be politicians as a career rather than rotating in and out of doing this as a service. And then going back into the private sector, where I think that a lot of the misalignments and conditioning can be avoided. So yeah, I appreciate that mindset. And thank you.

Thanks for having me on.

Thanks for having me on.

Not to mention the value of everyone's assets. They go to zero. They go to zero. Well, I mean, look, but as the Senator made the point, a dollar in 2019 is worth 80 cents today because of the inflation we've experienced from the rampant spending since COVID.

Not to mention the value of everyone's assets. They go to zero. They go to zero. Well, I mean, look, but as the Senator made the point, a dollar in 2019 is worth 80 cents today because of the inflation we've experienced from the rampant spending since COVID.

And if that continues, which is the steady state that we've now assumed, as we're now assuming to continue emergency spending as if it's the kind of standard, then that same level of decline in value of a dollar or decline in value of any American asset will continue and it will only accelerate. And I think the worry is that in 10 years, a dollar is worth 30 cents.

And if that continues, which is the steady state that we've now assumed, as we're now assuming to continue emergency spending as if it's the kind of standard, then that same level of decline in value of a dollar or decline in value of any American asset will continue and it will only accelerate. And I think the worry is that in 10 years, a dollar is worth 30 cents.

And that makes it harder for everyone to prosper in America, the ability to buy a home, the ability to have greater wealth. the ability to improve your conditions and your livelihoods are significantly diminished. That's the biggest consequence that we've seen many times over the last couple of centuries as countries have gone through the same cycle that the American Republic now finds itself in.

And that makes it harder for everyone to prosper in America, the ability to buy a home, the ability to have greater wealth. the ability to improve your conditions and your livelihoods are significantly diminished. That's the biggest consequence that we've seen many times over the last couple of centuries as countries have gone through the same cycle that the American Republic now finds itself in.

This is kind of one of those last stands of the Alamo, if you will, because the arithmetic gets to the point that it becomes unstoppable. This train is gone. So anyway, I thought it was great to have some time with the senator to talk about it today. Again, when we have these conversations, Chamath, obviously we're not fully endorsing all the views and points of view.

This is kind of one of those last stands of the Alamo, if you will, because the arithmetic gets to the point that it becomes unstoppable. This train is gone. So anyway, I thought it was great to have some time with the senator to talk about it today. Again, when we have these conversations, Chamath, obviously we're not fully endorsing all the views and points of view.

It's good to hear from people. It's good to understand their point of view, let them speak and have the conversation. There are things that we'll agree with, things that we don't agree with. But I think on the The fiscal condition of the United States, I've been pretty clear, pretty vocal on my point of view on this. And on this particular point, I think the senator is a very important voice.