Raoul Pal|9月 23, 2026 12:34
This is my Everything Code framework in a single chart...
Theres no growing out of debt at these levels, so governments have no choice but to print to pay the interest and borrow more on top.
On the face of it, we're all fucked.
But I find myself oddly optimistic. For decades we've been piling on debt and hoping a productivity miracle shows up, and for the first time it's not a far off impossibility with the dawn of the Exponential Age.
The Everything Code explains why we're stuck, how demographics and debt leave debasement as the only option and why that ends up driving almost every asset price. My Exponential Age framework is where we find our way out...
I've been building both for years now, and for the first time I've put them together in one place... my first book, The Everything Code.
Share To
Timeline
HotFlash
APP
X
Telegram
CopyLink