David Friedberg interviewed Ray Dalio, who just wrote a book that's free online. Well worth your

Author: Cole (16057 Posts - Joined: Oct 15, 2012)
Posted at 7:55 am on Jan 29, 2025

time, but the long and short of it is that the Fed can't cut rates and tame inflation at the same time. The only way to bring down interest rates and tame inflation is to cut government spending. That is why DOGE is so important. It's not just a vengeful attack on the Beltway, but a necessary step to control our federal debt, tame inflation, and bring down interest rates, as everyone knows that low interest rates are a necessary part of a healthy economy.

As Americans, we need to support DOGE's efforts to control federal spending.

Dalio also points out that the transition from a service-based economy to an AI economy will be brutal and hurt many people. We all need to be prepared for it. Own your house, have a savings account, get out of debt. Be prepared for change.

The name of the book is "How Countries Go Broke."


Link: https://www.youtube.com/watch?v=1_rvVTuGRNE

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