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. 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” on YouTube here: https://www.youtube.com/watch?v=PHe0bXAIuk0&t=10s #principles #howcountriesgobroke #economics #debt | Ray Dalio

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