David Sacks

@DavidSacks ↗

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Last Checked April 3, 2023

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Tue Mar 14 21:22:00 +0000 2023

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David Sacks @DavidSacks

So what caused the rapid rate hikes? The worst inflation in 40 years. And what caused that? Profligate spending and money printing coming out of Washington—all while Biden, Yellen and Powell assured us inflation was “transitory.” — PolitiTweet.org

Posted March 14, 2023

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David Sacks @DavidSacks

What turned the mortgage bonds toxic? The most rapid rate-tightening cycle we’ve seen in decades. You can see the connection here between rapid rate hikes and unrealized losses in the banking system. https://t.co/cjcx5CnkYI — PolitiTweet.org

Posted March 14, 2023

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David Sacks @DavidSacks

I warned two years ago that pumping trillions of dollars of stimulus into an already hot economy was an unprecedented and likely dangerous experiment. But this was Bidenomics. — PolitiTweet.org

Bidenomics = pumping trillions of dollars of stimulus into a rip-roaring economy. I’m not going to pretend like I k… https://t.co/AGaStJarz8

Posted March 14, 2023