Nishu’s Reviews > How Countries Go Broke: The Big Cycle > Status Update

Honestly just ok. I’m learning a lot about debt crises and how credit markets work. And the ways in which private sector holding of public debt supports central banks in setting interest rates and managing the money supply, but it is hard to get through Dalio’s writing. It’s clear he wrote this at a fast pace to get the information down. It’s not written super well otherwise.