Ray Dalio

OK, so what you do is you calculate if I lived

in a simpler lifestyle, and I had this amount of earnings, how many months, how many months or years could I live acceptably?

Then you look at your, what do you put the money in?

What do you save in?

maybe that's it maybe there there isn't any more that they can do but i guess that's my direct question is there something more uh i mean you you know the parts right it's it's income expenses and savings okay now you can go get the money maybe the money comes in and you say okay my unemployment benefits are going to be this or my this is but

Um, those are the parts.

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?