All-In with Chamath, Jason, Sacks & Friedberg
Ray Dalio | The All-In Interview
David Friedberg
Right. And when that money gets printed, it finds its way into the economy and the money supply goes up. And the way I kind of think about it, and you've got a nice image in your book that I really appreciate. Here's a kind of overview of the big debt cycle that you talk about, which is there's small... expansion and contraction waves as debt comes into the market.
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