Cover of the latest errant tome from Ray Dalio titled "How Countries Go Broke"

#RayDalio, a 19th Century #economic thinker clinging to obsolete ideas of #FractionalReserveCurrency vs #Govt #Debt, which is an illusion.

A nation w/ #FiatCurrency doesn't carry debt, it has #Assets & #Liabilities on a #BalanceSheet. The #USA has far more assets than liabilities. Kelton is right.