Lonsdale: Recessions are necessary to prune unproductive parts of the economy
Joe Lonsdale · Billionaire Entrepreneur: “America Will Collapse Without A Recession” | Joe Lonsdale · Oct 1, 2024 · at 29:19
Joe Lonsdale, partner at 8VC and co-founder of Palantir, shares his macroeconomic philosophy with Codie Sanchez.
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“Recessions are actually good to have every once in a while. They clean out a lot of nonsense. You know, what happens is there's a lot of resources being used for things that are not productive in the economy, and you need a sensor mechanism. You need certain things to go bankrupt.”
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