Hedge fund king Ray Dalio is throwing his considerable weight behind an economic philosophy that would use zero interest rates to finance big government spending for more widespread growth.
Dalio says the implementation of MMT is only a matter of time.
Quantitative easing is a practice in which central banks buy up financial assets from big institutions to drive down long-term interest rates and push money to stocks and corporate bonds. The Federal Reserve employed that tactic during and after the financial crisis and Great Recession, pumping about $3.8 trillion into the economy through three rounds of buying Treasurys and mortgage-backed securities.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ray Dalio, the hedge fund manager decrying wealth inequality, made $2 billion last yearRay Dalio, the founder of the biggest hedge fund in the world, was the highest-paid hedge-fund manager in the world last year.
Read more »
Hedge-fund billionaire Ray Dalio asked Bill Gates, Elon Musk, Reed Hastings and other top leaders to take a 1-hour personality test — and they all scored low in one key areaBill Gates and Elon Musk scored low in the 'Caring for Others' category, but Ray Dalio says this doesn't mean what you think it does.
Read more »
Industry leaders like Bill Gates and Elon Musk once took Ray Dalio's 1-hour personality test, and it showed they all had 4 specific traits in commonRay Dalio found that great leaders 'experience the gap between what is and what could be as both a tragedy and a source of unending motivation'
Read more »
I took 2 quizzes on Ray Dalio's new app and they revealed my insecurities about success — and my deep fear of failureRay Dalio's new app, Principles in Action, has a series of self-assessment tests. Here's what I found when I took two of them.
Read more »
Ray Tracing Is The Future, But What Is It?If you follow technology or gaming news then you've probably heard the term ray tracing a lot recently. It's the hottest new buzzword in the consumer hardware world, but what is it and why is it such a big deal?
Read more »
Lil Nas X, Billy Ray Cyrus join Diplo at Stagecoach for live debut of ‘Old Town Road’Billboard takes its definition of country music so seriously that it withdrew “Old Town Road” from its Hot Country Songs chart. But at Stagecoach, fans went wild for it.
Read more »
The unconventional way this man paid off $70,000 in student loansRay Laureano and his wife use a controversial loan repayment strategy, but it works for them: They estimate they'll be debt-free by 2020.
Read more »
From California to Canada, drive-thrus are getting mired by deviance, crime and violenceThe drive-thru line can be a fast and easy way to get food or make a bank deposit; it can also be a quick ray to commit a violent crime.
Read more »