What is a "Beautiful Deleveraging?"

Ray Dalio: beautiful deleveraging  What is a "Beautiful Deleveraging?" A “beautiful deleveraging” is the best way for policymakers to reduce #debt burdens without causing a big #economic crisis. #raydalio #principles https://youtu.be/LgwMPcblwQE

Nikolas Kong

“A “beautiful deleveraging” happens when the four levers are moved in a balanced way so as to reduce intolerable shocks and produce positive growth with falling debt burdens and acceptable inflation. More specifically, deleveragings become beautiful when there is enough stimulation (i.e., through “printing of money”/debt monetization and currency devaluation) to offset the deflationary deleveraging forces (austerity/defaults) and bring the nominal growth rate above the nominal interest rate—but not so much stimulation that inflation is accelerated, the currency is devaluated, and a new debt bubble arises.”

Nikolas Kong

A group of likeminded people in The Most Important Thing are talking about this.