Ray Dalio | The All-In Interview

770.113 - 805.383 Ray Dalio

Very well described. And, you know, a good example was in covid. There were two waves. The first wave was the COVID wave in which the government wanted to, and actually did, deliver a lot more money to people, companies, than there was a loss of income. So they first waived a lot of that money. Where did they get the money from? They had to borrow it. The central bank then came in and lent them.