Why is Ray Dalio’s debt alarmism so wrongheaded? The view here is that successful investing (Dalio is brilliant at it) is incredibly difficult, while economics is blindingly simple. The investor in Dalio is complicating what isn’t.
See his recent post on X: “When an empire runs out of its own money, it is able to increase the supply of money. However, printing more money causes borrowing to increase creating a financial bubble.” Wrong, and wrong again. Dalio the investor surely knows why.
Read Full Article »
