Ray Dalio: Money, Power, and the Collapse of Empires | Lex Fridman Podcast #251
Lex Fridman
In his appearance on Lex Fridman's podcast, Ray Dalio presents a historical framework for understanding the rise and fall of empires through three primary cycles: the long-term debt cycle, the internal order-disorder cycle, and the external order-disorder cycle. He argues that money and power are de …