Ray Dalio

Then the issue is, uh, how clever are you at dealing with those?

Well, you know, I don't know what you want to say.

I think that each person should understand that there's a certain level of basic understanding.

First, take care of yourself.

And then, you know, you hope that you have smart people who I think will

most important thing is that they're smart in being able to engineer an economy that will increase the size of the pie as well as divide the pie well, and then also that this is done in a non-antagonistic way.

Smart people

working together in a bipartisan way, have the capacity of managing this well.

So if I was giving political advice, and that's not what I do, but if I was giving political advice, the most important thing I think is who can do this, who's got the intelligence to do the engineering, plus to do it in a manner that we are not fighting with each other.

That what history has shown us

Is that when things get difficult, people get stressed and they get they can get angry and they could all fight with each other.

And that produces the next leg of a terrible economy because the economy won't work efficiently.

If people are fighting with each other, the system doesn't work well.

So one would have to say, you know, who's going to bring the country together behind sensible, I would say, bipartisan programs?

Because if you don't have that, then you have a form of revolution and you don't have good management.

And that's the greatest risk, I would say, politically.

When you say who has done it well, what do you mean?

Well, an example of well would be the differences in the way Roosevelt did it.

So again, 1929 to 32, interest rates hit zero.

They print money.