Debunking Ray Dalio's viral video (and book) titled "Principles for Dealing with the Changing World Order." Ray Dalio is a billionaire investor who recently released a video titled "Principles for Dealing with the Changing World Order" (which is based on his book of the same title): https://youtu.be/xguam0TKMw8

The video put together by his team has been heavily promoted by the YouTube algorithm, reaching a a staggering 15 MILLION views. However, the video is filled with bad economics, blatant contradictions, ideological myths, misleading generalizations of history, and a backward neoliberal understanding of how money and inflation work. Dalio's flawed assumptions about economic history and the nature of money shape his problematic implications and neoliberal technocratic "centrist" political prescriptions.

This episode of the 1Dime Radio podcast aims to debunk this Ray Dalio's video by deconstructing his talking points. In doing so, I am joined by Andrés Bernal, a MMT advocate, researcher, lecturer, and policy adviser (former advisor to Alexandria Ocasio-Cortez). You can find his links and some of his work here: 

Andrés Bernal Twitter: https://twitter.com/andresintheory

Andrés Bernal on MMT as a theory of Inflation: https://www.global-isp.org/wp-content/uploads/WP-132.pdf

Andrés on the Green New Deal: https://www.huffpost.com/entry/opinion-green-new-deal-cost_n_5c0042b2e4b027f1097bda5b

Money on the Left: https://moneyontheleft.org/2022/04/09/economics-as-discourse/

The Modern Money Movement: https://mronline.org/2019/08/15/the-modern-money-movement-with-andres-bernal/

Podcast Timestamp: 

0:00 Intro

6:10 Who is Ray Dalio?  

10:55 Ray Dalio's False Assumptions

1:03:50 Ray Dalio's contradictory politics

1:41:20 Imperialist Realism

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