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Ray Dalio for DOGE?
In his newest book, How Countries Go Broke, economic mastermind Ray Dalio lays out the urgent case for deficit reduction.
“Are there limits to a country’s debt and debt growth?” billionaire investor Ray Dalio began with a series of questions in his newest book, How Countries Go Broke: “What will happen to interest rates and all that they affect if government debt growth isn’t slowed? Can a big, important country that has a major reserve currency like the US go broke — and, if so, what would that look like? Is there such a thing as a “Big Debt Cycle” that we can track that will tell us when to worry about debt and what to do about it?”
“These aren’t just academic questions for academic economists,” Dalio assures us. “They are questions that investors, policy makers, and most everyone must answer because the answers will have huge effects on all our well-beings and what we should do.”
Dalio has grave concerns and a stark warning about the fiscal future of the United States. He argues that the country faces a catastrophic debt crisis unless significant reforms are made.
Perhaps economic policymakers should consider listening.
Ray Dalio, the founder of Bridgewater Associates, one of the world’s largest hedge funds, is a prominent voice in global finance. Known for his deep understanding of macroeconomic trends…