Ray Dalio Explains Debt Cycles

So much of our current political and economic climate can be explained by debt cycles— and how those cycles build on each other over time.

I explain why in my new book, How Countries Go Broke. Pre-order here: https://a.co/d/a49w7VG

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: https://www.youtube.com/watch?v=PHe0bXAIuk0&t=10s

#principles #howcountriesgobroke #economics #debt