How Domestic and World Orders Change
Principles by Ray Dalioยท2025-07-07 14:36
Over the last few years, three big things that hadn't happened in my lifetime prompted me to do this study. First, countries didn't have enough money to pay their debts, even after lowering interest rates to zero. So, their central banks began printing lots of money to do so.Second, big internal conflicts emerged due to growing gaps in wealth and values. This showed up in political populism and polarization between the left who want to redistribute wealth and the right who want to defend those holding the w ...