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- 📢 Gate Square #Creator Campaign Phase 2# is officially live!
Join the ZKWASM event series, share your insights, and win a share of 4,000 $ZKWASM!
As a pioneer in zk-based public chains, ZKWASM is now being prominently promoted on the Gate platform!
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📅 Time: July 25, 22:00 – July 29, 22:00 (UTC+8)
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Post original content (at least 100 words) on Gate Square related to
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Author: Ray Dalio, Founder of Bridgewater Associates, Source: X, @RayDalio, Translated by: Shaw, Jinse Finance
The debate between Trump and Powell is essentially about the control of currency value. As mentioned earlier, when there is excessive debt and borrowing, the traditional solution is to lower real interest rates and allow the currency to devalue, which is disadvantageous to creditors and advantageous to debtors. This is what Trump advocates, while Powell strongly opposes.
These debates are quite normal, but this time the arguments are more intense. Heads of state usually hope for more stimulus measures to promote spending in financial markets, goods, and services, which makes the public happy until inflation becomes so severe that they also believe monetary policy should tighten, while an excellent central bank governor tries to find a balance between being too loose and too tight, judging the direction of the situation by observing various indicators, thus "going against the wind." Therefore, the central bank