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by gwbas1c
254 days ago
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I can't recommend enough that you read "How Countries Go Broke" by Ray Dalio. There's even a free PDF: https://economicprinciples.org/downloads/How-Countries-Go-Br... Dalio explains the currency cycle, which starts with hard currency, goes through some various stages until there's pure fiat, and then goes back to hard currency. |
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