Book & podcast collection

Principles for Navigating Big Debt Crises

byRay Dalio

Investor Ray Dalio analyzes major debt crises to identify recurring patterns in borrowing booms, financial busts, deflation, currency pressure, and policy response. Using detailed historical cases, he explains how credit expansion raises spending and asset prices, why excessive debt eventually becomes unsustainable, and how governments choose among austerity, restructuring, money creation, and redistribution. The book distinguishes crises involving debt denominated in a country's own currency from those constrained by foreign obligations. Dalio offers policymakers and investors a practical framework for recognizing stages of the cycle and evaluating whether a deleveraging is disorderly or comparatively manageable.

Publisher

Simon & Schuster, Limited

Publication date

2018

Format

Print edition

Pages

126

ISBN

9780578565651