---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/44086912.md"
description: "I've been reading 'Principles' recently, highly recommended!1. How is money created?2. Why do countries borrow debt?3. How does debt flow?4. How is wealth transferred between nations?5. Identified the laws of large and small cycles through the development changes of major powers over the past 500 years.Still haven't finished, need to savor it slowly 🤔"
datetime: "2026-09-27T02:53:52.000Z"
locales:
  - [en](https://longbridge.com/en/topics/44086912.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/44086912.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/44086912.md)
author: "[ValueNvest](https://longbridge.com/en/profiles/3090.md)"
generator: "portal-rs"
---

# I've been reading 'Principles' recently, highly re…


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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**