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A Template For Understanding Big Debt Crises, by Ray Dalio, Bridgewater, 471 pages

Too many suffered too much for too long, while those responsible avoided justice.

Ray Dalio, founder of the world’s largest hedge fund Bridgewater 

As Dalio would have predicted, problems were harshest in economies that do not control the currency in which they borrow 

As for the solution, he is gloriously laconic: “In the end, policymakers always print.” 

John Authers FT 21 September 2018

Om man har en sedelpress går man inte i konkurs

Englund blog 4 november 2011

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