How the Economic Machine Works by Bridgewater's Ray Dalio has an interesting take on rich versus poor and the social upheaval that comes from a depression. The presentation ends with the idea of a beautiful deleveraging, where money is kept in good enough supply to allow growth without inflation. It is what we are experiencing now.
28 May 2014 Comment
The rise is Europe of reactionary parties such as Le Pin's National Front in France is a symptom of poor stewardship of the economy. It is what Ray Dalio's presentation shows what happens if the deleveraging is ugly.
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