Ray Dalio | The All-In Interview

806.563 - 836.595 Ray Dalio

That was the primary. Then the second, when President Biden was elected, there was a second wave of that after COVID. It was mostly like a universal basic income thing. In other words, hand people money and we're going to be better off. And so they handed people money doing that same exercise again. And so naturally, all these people got a lot of money. And so they deposited them in banks.