All-In with Chamath, Jason, Sacks & Friedberg
Ray Dalio | The All-In Interview
Ray Dalio
So you would like productivity producing assets that cannot be taxed, can move around from place to place. So equities of a certain type tend to do that. That's why currency depreciations are associated with that combination of things. Currency depreciation Lowering interest rates and producing money causes equity assets to go up, not necessarily in real terms, like in the 70s.
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