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 DalioBe wary of the arrogant intellectual who comments from the stands without having played on the field.
Ray DalioLook at what caused people to make a lot of money and you will see that usually it is in proportion to their production of what the society wanted.
Ray DalioOne of the greatest sources of problems in our society arises from people having loads of wrong theories in their heads - often theories that are critical of others - that they won't test by speaking to the relevant people about them. Instead, they talk behind people's backs, which leads to pervasive misinformation.
Ray Dalio