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The Federal Reserve has sort of, unfortunately, been derelict in their duty. They now work in this weird contorted way with the Treasury to print and introduce enormous amounts of money into the system. What that's done is financialize every part of our economy—and the problem is there are certain things that should never have been financialized. Flying a rocket should not be financialized. Finding a cure to cancer should not be financialized. Figuring out some great compellingly leap in AI and machine learning should not be
financialized.
Chamath Palihapitiya
The Federal Reserve Financialized Every Part of Our Economy
Chamath Palihapitiya: There’s more to investing than making money
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