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The Money with Katie Show

Ray Dalio on What the "One Big Beautiful Bill Act" Means for America's Deficit

The Money with Katie Show

Money with Katie

Self-improvement, Education, Business, Investing, How To

4.81.3K Ratings

🗓️ 2 July 2025

⏱️ 64 minutes

🧾️ Download transcript

Summary

Hedge fund founder, author, and one of the top influences in the financial world, Ray Dalio has written about how countries (or, in his parlance, “empires”) find themselves in irreversible doom spirals, covered in depth in his new book, How Countries Go Broke: The Big Cycle. So, I wanted to talk to him about the fiscal hot potato being passed back and forth between the House and the Senate that threatens to explode our deficit past the point of no return. His message is clear: “I don’t care who’s right or wrong, but this is what needs to happen now if we want to avoid disaster.” Transcripts, show notes, resources, and credits can be found at: ⁠https://moneywithkatie.com/status-power-economy⁠ — Money with Katie’s mission is to be the intersection where the economic, cultural, and political meet the tactical, practical, personal finance education everyone needs. Get your copy of Rich Girl Nation: ⁠⁠⁠⁠https://moneywithkatie.com/rich-girl-nation⁠⁠⁠⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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The multi-award winning series, FX's The Bear, is back for a brand new season.

0:11.0

Upon my signal, unleash hell.

0:15.0

And every second counts.

0:17.0

When that shows zero, this restaurant ceases operations.

0:21.8

FX is the bear.

0:23.1

New season now streaming exclusively on Disney Plus.

0:27.0

18 plus subscription required, Teas and Cs apply.

0:32.0

Investment that raises productivity and simultaneously makes people productive and earning income is the best

0:42.3

investment that you can have, human capital. And so investing in that, we don't create a bottom

0:50.4

and accept that there is a level below. If you look at successful countries, we see that there are these elements.

0:59.0

The broad percentage of the population is well educated and civil.

1:05.0

The bottom line is productivity. Do you produce that productivity?

1:10.0

Where if you're just giving it away and you're not converting it to productivity by the people, then they'll have the waste.

1:17.6

So government sometimes does it well and sometimes it doesn't do it well.

1:21.6

So it's all of these things are how well done it is.

1:39.1

Welcome back to The Money with Katie Show.

1:46.1

I'm Katie Gaddy Tossan, and today I am talking to someone who is one of the most influential people in finance and policymaking. Ray Dalio's new book, How Countries Go Broke, The Big Cycle,

1:54.8

spends its first part reviewing the material and theories that he laid out into of his

2:00.2

previous bestsellers,

2:01.6

principles for dealing with the changing world order, and principles for navigating big debt crises.

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