frontpage Posted by Cobalt_Blue_FF • Mar 3, 2025
Mar 3, 2025 3:56 PM
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frontpage Posted by Cobalt_Blue_FF • Mar 3, 2025
Mar 3, 2025 3:56 PM
Ray Dalio PDF Books: How Countries Go Broke and Principles for Navigating the Big Debt Cycle
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I finally broke down and created a Substack account and am trying to find good authors there.
There is a lot of good information, but it seems like everyone I subscribe to has some sort of Libertarian bent lol. If you or anyone else has any recommendations , please share them!
I found a few good random authors. The author that I like the best so far is Paul Krugman. I assume he has his agenda, but he has interesting articles and perspectives. For example, the other day, he had an excellent article about the federal payment system: https://substack.com/home/post/p-158117457.
I recommend just adding the Substack app to your phone. I find it so much more enjoyable to doomscroll this app than Reddit and Facebook.
I am not an intelligent person, and I enjoy finding good sources of information. I partially made this thread to see if I could crowd source some new reading material
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Economic growth is about 2% a year, meaning if you subtract the government stimulus the economy is shrinking. The Federal Reserve is going to have to back stop the debt with another round of QE to push down interest rates on new Treasury issues to a level which can be serivable (below 2%) and may have to retire Treasuries as they mature vs having the Treasury buy them back - it's the only way out of the debt crisis the US faces. Other governments amd central banks will need to adopt a similar approach
I finally broke down and created a Substack account and am trying to find good authors there.
There is a lot of good information, but it seems like everyone I subscribe to has some sort of Libertarian bent lol. If you or anyone else has any recommendations , please share them!
His articles are EXTREMELY thoroughly cited from reputable sources. Treasure trove of info.
His articles are EXTREMELY thoroughly cited from reputable sources. Treasure trove of info.
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― Paul Krugman
I found a few good random authors. The author that I like the best so far is Paul Krugman. I assume he has his agenda, but he has interesting articles and perspectives. For example, the other day, he had an excellent article about the federal payment system: https://substack.com/home/post/p-158117457.
I recommend just adding the Substack app to your phone. I find it so much more enjoyable to doomscroll this app than Reddit and Facebook.
I am not an intelligent person, and I enjoy finding good sources of information. I partially made this thread to see if I could crowd source some new reading material
Sign up for a Slickdeals account to remove this ad.
To the others that don't know who Ray Dalio is, he's one of the economic geniuses and help to found Bridgewater fund and hedge fund (pretty much if you have a pension, your money is managed by his firm).
Going back to the gold standard (because that's what you're suggesting) vs having a central bank would cause massive swings from high inflation to high deflation, since there would be no countercyclical monetary policy. It would be a disaster.