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Dalio's debt playbook: What Japan got wrong, and India may be getting right

In 'How Countries Go Broke', the billionaire investor offers a sweeping view of macro cycles and fiscal choices - arguing for 'beautiful deleveraging' as the best path through rising global risk Listen to This Article How countries go broke Published by Simon & Schuster 400 pages ₹1,499 Ray Dalio is a successful hedge fund founder with a net worth of about $14 billion as his calling card. A YouTuber, his opinions on investments, politics and why things happen are freely available. In a recent episode, an NBC anchor asks whether Donald Trump's tariff war can mitigate MAGA dissatisfaction about jobs and stagnating incomes. His answer is ambivalent — agreeing with the diagnosis of the problem that the demise of manufacturing has enhanced strategic risk and lowered family income, but not with the solution proposed. Rather