RISE AND FALL There are 250 year cycles as empires rise and fall. And it corresp

RISE AND FALL
There are 250 year cycles as empires rise and fall. And it corresponds to the exhaustion of the credibility of the imperial currency.
I would argue that it’s a correct measure, but an insufficient cause.
Our assessment of cause includes but is broader than Turchin’s – we blame everyone, not just elites. 😉

(FYI: Ray Dalio’s study is accessible: 1) how countries go broke at.
https://
amazon.com/Principles-Inv
estment-Economic-Ray-Dalio/dp/1501124064/
…)