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Ray Dalio

“In the Song, Yuan, and Ming dynasties, the government struggled to maintain a large enough money supply in metal coins and resorted to money printing, especially in times of war and natural or human-caused disaster. The problems with collecting taxes made the incentive to print even stronger. This caused high inflation or hyperinflation, making matters worse.”

Ray Dalio, Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail
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Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail by Ray Dalio
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