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Thoughts from the Frontline Archive, June 2019

Ray Dalio Is Kinda, Sorta, Really Wrong, Part 3
  • June 21, 2019

Ray Dalio Is Kinda, Sorta, Really Wrong, Part 3

Two weeks ago I started a mini-series in the form of an open letter responding to a series of essays by Ray Dalio, the founder of Bridgewater Associates. I wrote here and here that he was kinda, sorta wrong in Why and How Capitalism Needs to Be Reformed, Parts 1 and 2 but really, really wrong in It’s Time to Look More Carefully at ‘Monetary Policy 3 (MP3)’ and ‘Modern Monetary Theory,’ in which he basically endorsed MMT. Today I continue my response.

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Ray Dalio Is Kinda, Sorta, Really Wrong, Part 2
  • June 14, 2019

Ray Dalio Is Kinda, Sorta, Really Wrong, Part 2

Last week we started a mini-series in the form of an open letter responding to a series of essays by Ray Dalio, the founder of Bridgewater Associates. I wrote that he was kinda, sorta wrong in Why and How Capitalism Needs to Be Reformed, Parts 1 and 2 but really, really wrong in It’s Time to Look More Carefully at ‘Monetary Policy 3 (MP3)’ and ‘Modern Monetary Theory,’ in which he basically endorsed MMT. Today I continue my response.

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Ray Dalio Is Kinda, Sorta, Really Wrong
  • June 7, 2019

Ray Dalio Is Kinda, Sorta, Really Wrong

“The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed, the world is ruled by little else. Practical men, who believe themselves to be quite exempt from any intellectual influences, are usually slaves of some defunct economist.”
John Maynard Keynes

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