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gwbas1cyesterday at 6:35 PM1 replyview on HN

Ray Dalio explains this history in his books "How Countries Go Broke" and "Big Debt Crises".

His theory is that governments have a debt cycle, and printing money is just one point in that cycle.


Replies

IAmBroomtoday at 12:30 PM

You're just parroting the phrase "printing money". I'm asking if governments ever literally do (except in extremely defective examples).