E2: Rebooting the economy, understanding corporate debt, steps to avoid a depression & more with David Sacks

Chamath thinks it'll take two years until things get back to normal after COVID-19.

Once we've paid the cost [of COVID-19] from the public health perspective ... our immediate focus has to be on resuscitating the GDP of this country. Otherwise, the number of deaths and the the amount of pain that's caused by economic destruction will far outnumber the people that die from COVID-19.

Getting back to work is going to be much, much more difficult than people think. In the absence of a vaccine, which looks like 18-24 months from now (at best), we'll never get to a hundred percent of where we were before.

I worry that we're not going to be ready—that this precious time we're buying with quarantine isn't going to lead to a better plan in May because no one's really working on that plan; they're just working on the immediate response and making sure hospitals around the country have the ventilators & beds they need.

If you look at the Asian countries that have controlled the virus [SARS-CoV-2], every single person wears a mask when they go out in public.

"We've now poured—between the United States government and the Fed—almost $10 trillion into the economy, and only 3 cents of every dollar has gone into peoples' pockets.

I think it was Lennon who said, 'There are some decades where nothing happens, and there are some weeks where decades happen,' and I think that's basically what's happening here [with COVID-19].