| What can the former Dutch Empire teach us about the importance of capitalism in driving long-term success? #principles #raydalio #history #capitalism |
Raymond Thomas Dalio is an American billionaire hedge fund manager and philanthropist who has served as co-chief investment officer of Bridgewater Associates since 1985. He founded Bridgewater in 1975 in New York. Within ten years, it was infused with a US$5 million investment from the World Bank's retirement fund.
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How Japan Dealt With Their Debt Problem
2025-07-18
What happens when a country mismanages its debt?
In 1990, Japanese policymakers decided to deal with its debt obligations by printing a lot of money to buy bonds. They further devalued the currency by giving bondholders significantly lower interest rates than in the US.
As a result, Japanese bonds lost 45% relative to US bonds and 60% relative to gold over the next few years.
That had a real impact on the average Japanese worker, who lost a significant amount of buying power — and those impacts are still felt today.
My new book, How Countries Go Broke: The Big Cycle, breaks it all down for you.
#raydalio #principles #politics #economics
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