On My Radar: Ray Dalio’s Template For Understanding Big Debt Crises (Part II)Steve Blumenthal
“The key to handling debt crises well lies in policy makers’ knowing how to use their levers well and having the authority that they need to do so, knowing at what rate per year the burdens will have to be spread out, and who will benefit and who will suffer and in what degree, so that the political and other consequences are acceptable.
There . . .
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