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Credit is a promise to deliver money. It will produce GDP but you'll create credit... So you reach a certain point that that you can't do that anymore... There are choices. And how do we best support, apportion the money? How much is going to be transferred?

Ray Dalio

Ray Dalio Biography

  Nationality: American
Type: Businessman

Born: 1949
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Quote of the Day
“No doubt one may quote history to support any cause, as the devil quotes scripture.”

 

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Learned Hand
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Quote of the Moment
“Even now, we make no apologies for the choice we made. The sacrifices we made were selfless. The options we offered were patriotic while the paths we chose were well thought out.”

 

Ibrahim Babangida
Ibrahim Babangida
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