![]() Ray Dalio: The one big difference is the government can print money. They also discussed how more spending on education is a good return on investment.īelow is an edited transcript of their conversation.ĭavid Brancaccio: Quick tutorial - government finances are like our household budgets, right? You use income, what you earn and borrowing to pay expenses, pay back loans. “Marketplace Morning Report’s” David Brancaccio recently spoke with Ray Dalio, founder of the world’s largest hedge fund, Bridgewater Associates, about the wider issues dredged up by the debt fight. Now that the latest debt ceiling deal has been signed into law, the “Marketplace Morning Report” decided to take a wider-angle view on the debate given that it’s almost certainly not the last time the nation will see a fight over how to extend the federal government’s debt limit.
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