Ray Dalio | The All-In Interview

2799.106 - 2820.831 David Friedberg

They're going to lose benefits. a central bank buying the debt, which will typically increase inflation because more money will come to the markets and everything costs more. So that's another form of taxation where the value of your dollar or the value of your assets goes down. And then this kind of restructuring of the debt where, again, the currency gets devalued and everyone loses things.