How America Goes Broke — ft. Ray Dalio | Prof G Markets

This week on Prof G Markets, Ed and Scott are joined by Ray Dalio (‪@principlesbyraydalio‬), global macro investor, founder of Bridgewater Associates, and New York Times bestselling author, who returns to the show to discuss how countries go broke and how far along America is in that cycle. He shares his insights on tax policy, what he thinks is the biggest threat to America’s dominance, and how things will play out with the deficit if we do nothing. Subscribe to our Markets Newsletter! https://links.profgmedia.com/markets-... Order Algebra of Wealth now! https://links.profgmedia.com/algebra-... Timestamps: 00:00 - Today’s number 00:27 - Today’s episode 09:48 - How America Goes Broke — ft. Ray Dalio 10:04 - How do countries go broke? 13:27 - How has this cycle played out in the past? 15:04 - How far along in the cycle is America? 19:38 - Ad Break 20:59 - Would you support scrapping the estate tax cap and means-testing entitlements to raise taxes? 23:15 - What are some realistic things we can do on the tax side? 26:01 - How will this play out if we do nothing? 31:25 - What’s your level of frustration with Washington right now, and do you think they take the deficit seriously? 34:20 - Do you think the administration’s current strategy could actually work? 40:05 - What do you think is the biggest threat to America’s dominance in 2025? 42:54 - Ad Break 44:17 - Do you think comparing today’s U.S. to 1930s Germany is an overreaction? 47:29 - Do you think this cycle is inevitable and if so, what do we do about that? 52:05 - What’s your advice for young people who are starting their careers right now? 56:07 - What are you focused on in the next 24 months? 57:40 - Break 57:49 - Conclusion 01:03:43 - Credits Subscribe to Prof G Markets on Spotify: https://links.profgmedia.com/markets-... Got a question for Prof G? Get answers on TikTok: https://links.profgmedia.com/tiktok Want more Prof G? Check out everything we're up to at: https://links.profgmedia.com/home #business #news #tech #financemotivation #stockmarket #profg #scottgalloway #profgmarkets #ai #earnings #stocks #inflation #investmentstrategies #investment #investing #gdp #podcast #recession #tariffs #ratecut #fed #trump #presidenttrump