Writer, VC, and podcaster Nic Carter joins us to talk about Balaji's bet, Operation Chokepoint 2.0, and the Fed's financial crisis. If you’re looking for an ERP platform, check out our sponsor, NetSuite: http://netsuite.com/zen

We're hiring across the board at Turpentine and for Erik's personal team on other projects he's incubating. He's hiring a Chief of Staff, EA, Head of Special Projects, Investment Associate, and more. For a list of JDs, check out: eriktorenberg.com.

RECOMMENDED PODCAST: The HR industry is at a crossroads. What will it take to construct the next generation of incredible businesses – and where can people leaders have the most business impact? Hosts Nolan Church and Kelli Dragovich have been through it all, the highs and the lows – IPOs, layoffs, executive turnover, board meetings, culture changes, and more. With a lineup of industry vets and experts, Nolan and Kelli break down the nitty-gritty details, trade offs, and dynamics of constructing high performing companies. Through unfiltered conversations that can only happen between seasoned practitioners, Kelli and Nolan dive deep into the kind of leadership-level strategy that often happens behind closed doors. Check out the first episode with the architect of Netflix’s culture deck Patty McCord. https://link.chtbl.com/hrheretics

Podcast Info: (0:00) Intro (3:00) Reflections on Balaji episode (10:00) Coinbase and SVB (14:00) Sponsors (15:00) Operation chokepoint 2.0 (16:45) We find out the reason for Antonio’s circumcision (25:00) Crypto banking crisis (36:00) How much of crypto is new? (38:40) Main benefits of crypto (47:20) Finance is politicized (55:00) Defining a CDBC (1:02:00) Nic’s biggest crypto beef (1:07:30) Nic’s take on Balaji’s bet (1:12:30) Why crypto should vote republicans next election (1:19:30) We’re in a financial crisis caused by the fed (1:20:30) Our options for addressing the crisis (1:27:00) If we were kings for a day how we’d solve it (1:28:50) Nic would rather cut rates than raise rates (1:30:00) AI is the U.S.’s main hope

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