Category: David Friedberg
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La Disgrazia
Budget deficits of appx 8% of GDP a year are a problem for Friedberg. He suggests pausing all new spending and reducing all spending to pre covid levels.
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America’s Biggest Mistake?
An interesting take from the the All in Podcast’s Sultan of Science. Personally, I wonder why the government and people are not happy with the loads of taxes they collect? What is wrong with passing a balanced budget amendment?
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Hope
Ray Dalio and David Friedberg hope bringing attention to the US debt problem will help the government gather the courage to cut spending. Ray highlights the historical context of debt cycles and the importance of understanding patterns in financial trends to avoid severe economic crises, underlining that many currencies have faced devaluation over time. Dalio…