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I find both Rogoff and Dalio interesting and useful. Useful because it is good to get my fellow Americans used to the ideas that US exceptionalism will slowly (hopefully slowly!) end and that a national debt much above 3% of GDP is a dangerous thing that will someday crush us economically unless some miracle happens and, for example, AI really does lead to hyper-productivity gains (I doubt this will happen, I guess I don’t listen to Sam Altman enough.)


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