COVID19, Uncertainty, Prescriptions, & Social Proof
Synthesizing my view on the ideas of Naval Ravikant, Kapil Gupta, & Team Robert Cialdini regarding COVID19
Marc Weinstein is host of the Look Up! Podcast. He is an active writer, angel investor, entrepreneur, start-up advisor, and certified yoga instructor. Marc is a regular speaker at corporate events, universities, and conferences. Click here to view past presentations and to book Marc.
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“No man can reveal to you aught but that which already lies half-asleep in the dawning of your knowledge… For the vision of one man lends not its wings to another man”
— Khalil Gibran, The Prophet
We are living in extremely uncertain times.
In our physical reality, there is an invisible pathogen who while harmless and asymptomatic to most, is extremely lethal to many. Let your grandchild go back to school today and their hugs and kisses might deliver you to your death tomorrow.
In our “main street” reality, 30 million Americans are now unemployed and hundreds of thousands of businesses remain closed. Which of these jobs and which of these businesses will be gone forever?
In our monetary reality, the last few months have accelerated the greatest global experiment in history, quantitative easing, as the Federal Reserve has increased the US money supply by $6 Trillion. Will this stop deflation, lead to hyperinflation, or mark the end of USD hegemony?
In our fiscal reality, we have an unprecedented $3 trillion stimulus package passed by the House on Friday that includes another $1,200 check to many Americans. How will this Universal Basic Income experiment affect our collective understanding of value?