All-In with Chamath, Jason, Sacks & Friedberg
Ray Dalio | The All-In Interview
David Friedberg
Well, that's what I want to get to that in a minute, because I want to talk about the relative strength of the United States and how this plays out globally. Firstly, in your book, you describe the big debt cycle following five stages. You call it the sound money stage when net debt levels are low and money is sound and the country is competitive.
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