Over the last 10 years, the U.S. government has followed a policy of fiscal irresponsibility that has never been matched before in the history of the country. The United States has ballooning entitlement programs that it will be liable for into the future and that threaten to ultimately sink the entire country if they are not immediately addressed. Between Medicare and Social Security, it has been estimated that up to $200 trillion of unfunded liabilities are currently on the U.S. balance sheets, threatening the ability of the country to meet its obligations in the near-term future.
One of the staunchest critics of both the fiscal and monetary policy that the United States has followed over the last 10 years has been Shervin Pishevar. As one of the most prominent venture capitalists in the world of technology, Shervin Pishevar has made a name for himself by founding some of the top companies in the sector, including Uber, Airbnb and Virgin Hyperloop. In his spare time, Shervin Pishevar runs one of the most popular Twitter feeds in Silicon Valley, through which his more than 100,000 followers hang on his every word, depending on his insightful analysis of the current state of economics to understand the world around them.
For this reason, Shervin Pishevar’s takes on U.S. fiscal and monetary policy have a wide audience and are followed by some of the most important thought leaders in the country today. And this may be one reason that his views seem to be gaining increasing traction, with more people becoming seriously concerned with the direction in which the country’s economy is heading.
Pishevar has repeatedly advocated for the almost complete withdrawal of the Federal Reserve from the open market. In practice, this means that Shervin Pishevar is against all forms of quantitative easing and other money-printing schemes that flood the market with cheap credit and a large supply of money. Shervin Pishevar believes that, eventually, the Federal Reserve will have to allow the markets to undergo a natural reset to equilibrium or it will result in hyperinflation that may lead the country down a road similar to that taken by Venezuela.