| Credit can be a great tool when used productively. In an advanced economy, credit does more good than bad. But it’s important to remember that borrowing creates cycles — and if the cycle goes up, it eventually needs to come down. I explain why this is particularly important today in my new book, How Countries Go Broke. Preorder today here: https://www.amazon.com/Principles-Investment-Economic-Ray-Dalio/dp/1501124064?maas=maas_adg_CD3A5CC15B3C2F7AFF4BC6B651E851A1_afap_abs&ref_=aa_maas&tag=maas But if you’d like more context on how all of these pieces come together, I recommend you watch my 30-minute explainer “How the Economic Machine Works” here: &t=1444s #principles #howcountriesgobroke #economics #credit |
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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