Ray Dalio Gives Larry Summers An Economic Lesson

In a recent post on Linkedin, Ray Dalio, the largest hedge fund manager in the world, thought it appropriate to explain “why he talked with Larry Summers about the economic machine.” Ray Dalio, promoting his Podcast on the subject, explained that he accepted an invitation by Summers, who teaches at Harvard, to come to the school and discuss the issues. “I feel a responsibility to share my template in order to help people avoid financial crises like the one that occurred in the U.S. in 2008,” Ray Dalio wrote. Although the podcast doesn’t directly address the issue, in 2008 unregulated…