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The U.S. Federal Reserve recently made a range of moves -- from cutting interest rates to near zero (which it also did in the 2008 financial crisis) and using other tools -- to support "the flow of credit to households and businesses, thereby promote its maximum employment and price stability goals" during this current pandemic and public health crisis. However... what does this mean for small businesses, which may be most impacted? What's the difference between monetary and fiscal policy here; where does rhetoric (such as around buybacks vs. dividends) confuse; how does adjudication and disbursement work... and where could technology come in? In this short-but-deep dive episode of 16 Minutes on the News, a16z general partner on fintech Alex Rampell -- who also covered quantitative easing and more on a previous episode -- breaks it all down in 18 minutes, with useful analogies, in conversation with Sonal Chokshi. How do we stop not just the novel coronavirus, but the economic virus, too?
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In this 19th episode of our news show, where we cover recent headlines from our vantage point in tech, we cover the following news items: 1) Recent moves to regulate artificial intelligence (AI) software including the White House's recent guidance (and op-ed from the U.S. CTO) on AI in general, as well as limits to exports of specific AI software that went into effect this week -- with operating partner Frank Chen (whose talk was cited in an earlier White House report); 2) Recent activity on the topic of negative interest rates as well as quantitative easing, given recent remarks (and paper) from former chairman of the Federal Reserve Ben Bernanke -- with general partner Alex Rampell, who covers all things fintech.
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The irony of our systems working so well — technological, corporate, and yes, even political — is that we’ve become too comfortable: matching to others just like us, producing less, taking fewer risks....
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The largest asset class in the United States is owner-occupied real estate, yet options for homeowners accessing this are very binary right now: either own 100% of your home (with a mortgage), or own nothing. And when pe...
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1/Wrapping up my series on the secular stagnation theory with some more things I learned along the way. Again, filter on #stag as desired.
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1/An excellent survey of the original “secular stagnation” thesis of Alvin Hansen in 1938 by @TimothyTTaylor http://t.co/KAi72rRNgb #stag
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1/Now, thinking about a counterargument to Larry Summers’ “secular stagnation” thesis from @DavidBeckworth #stag http://t.co/moDmYn4sJs
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1/Thinking about Larry Summers’ “secular stagnation” thesis — if the topic bores you, filter out hashtag #stag for a bit :-). #stag
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1/Considering the Bernanke “global savings glut” hypothesis from 2005 — what holds up, what doesn’t: http://t.co/ZHXTSIdvkj