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Description
How Countries Go Broke: The Big CycleAn urgent warning about the American economy from Ray Dalio, the #1 New York Times bestselling author of Principles. Do big government debts threaten our collective well being? Are there limits to debt growth? Can a big, important reserve currency country like the United States really go broke and what would that look like? How Countries Go Broke also shows how these debt problems are related to the other forces political within countries,
An urgent warning about the American economy from Ray Dalio, the #1 New York Times bestselling author of Principles.
Do big government debts threaten our collective well-being? Are there limits to debt growth? Can a big, important reserve currency country like the United States really go broke – and what would that look like?
How Countries Go Broke also shows how these debt problems are related to the other forces – political within countries, geopolitical between countries, natural (droughts, floods and pandemics) and technological (most importantly, AI) – that together are causing what Dalio calls the 'Overall Big Cycle' changes in the world order. By reading this book, you will improve your understanding of what's happening now and what to do about it.
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