Ray Dalio: The Changing Value of Money

This is neither light reading nor short so I am not going to do more than link it for those interested in history, economics and monetary policy.

Read it here.

My own take is that long term Dalio's points are solid. But in the near term I am not worried about inflation and currency debasement. All evidence suggests we are in the early stages of what could turn into the first real deflationary depression in the last hundred years. But yes, long term the astronomical levels of debt coupled with unrestrained money printing is going to become a problem.