government spending

8 statements across 6 episodes · 1 bullish · 5 bearish · 4 people on the record · first statement May 26, 2023 by Chamath Palihapitiya · across every show →

Everything said about government spending, oldest first

May 26, 2023 negative
Insight
Palihapitiya estimates 50 cents of every U.S. federal spending dollar is wasted
“I think the best way to think about government spending is that in every dollar there's probably 15 or 20 cents that actually does some good. There's probably 15 to 20 cents that's like on the margins break even. And then the rest of it, which is half of it is…”
Chamath Palihapitiya May 26, 2023 ▶ 51:43 E130: DeSantis's Twitter Spaces, debt ceiling, Nvidia rips, state of VC, startup failure & more
Aug 2, 2024 negative
Assertion Not checkable as stated
Friedberg: US private sector saw net job losses excluding government spending
“So basically there has been a net loss in private market jobs, net of the effect of government employment or government spending on companies that then use those dollars to go hire people.”
David Friedberg Aug 2, 2024 ▶ 40:49 Kamala surges, Trump at NABJ, recession fears, Middle East escalation, Ackman postpones IPO
Aug 16, 2024 negative
Assertion Not checkable as stated
Friedberg: Food inflation stems from government spending, not corporate price gouging
“The real cause of price inflation in food is not the supposed price gouging by corporate players in the ag and food industry, all of whom are deeply competitive with one another, but rather is the result of the inflation associated with government spending and…”
David Friedberg Aug 16, 2024 ▶ 1:03:30 Break up Google, Starbucks CEO out, Kamala’s price controls, Boeing disaster, Kursk offensive
Aug 23, 2024 neutral
Assertion Not checkable as stated
Sacks: Inflation stems from money printing and government spending, not corporate greed
“What causes inflation is the printing of too much money. It's government spending too much. It is not corporate greed because corporate greed is a constant. It's not price gouging.”
David Sacks Aug 23, 2024 ▶ 1:00:48 Massive jobs revision, Kamala wealth tax, polls vs prediction markets, end of race-based admissions
Aug 23, 2024 negative
Insight
Friedberg: Redistributive policies become mainstream when government spending hits 50% of GDP
“And the tipping point is when half or more of the population begins to be employed by the government, at which point that concept is lost. Because now it is the government that is the employer, not one's own individual liberties and ability to go out and be en…”
David Friedberg Aug 23, 2024 ▶ 1:19:06 Massive jobs revision, Kamala wealth tax, polls vs prediction markets, end of race-based admissions
Aug 23, 2024
Assertion Contradicted
Friedberg: US government spending accounts for nearly half of total GDP
“So if you look at government spending, it's about half of GDP now. State, local, and federal, which roughly equates to about half of people in the United States are employed directly by government or indirectly because the government is the primary revenue sou…”
David Friedberg Aug 23, 2024 ▶ 1:18:10 Massive jobs revision, Kamala wealth tax, polls vs prediction markets, end of race-based admissions
Nov 1, 2024 positive
Opinion
Sacks: Cutting government spending is not recessionary and aids private sector
“I agree we have to cut government spending. I don't, I personally don't think it's recessionary. I think it helps the private sector when government gets cut.”
David Sacks Nov 1, 2024 ▶ 26:25 Inflated GDP?, Google earnings, How the media lost trust, Rogan/Trump search controversy, Election!
Jan 23, 2026 negative
Insight
Brian Armstrong: Economic growth comes from deregulation and energy, not government spending
“It seems like growth does not come from government spending, right? That's like the key that this is this Keynesian economic argument that I think is basically wrong. Like growth comes from having like deregulation, having low cost energy, allow the private ma…”
Brian Armstrong Jan 23, 2026 ▶ 31:38 Coinbase CEO's Top 3 Crypto Trends for 2026 + More from Davos!
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