David Frum: I was told the Fed tightening would nuke everything. Ray Dalio is a listener to the Bankless podcast because he heard that question maybe and read his entire post about that this week. He simplifies it a little bit, central banks took on a lot more debt. The government's balance sheet took all the bullets. So yeah, bondholders took a haircut. But private sector is doing okay. Wealth inequality increased even more. That begs the question of what's the next phase of all of this?

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode