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A beautiful deleveraging balances the three options. In other words, there is a certain amount of austerity, there is a certain amount of debt restructuring, and there is a certain amount of printing of money. When done in the right mix, it isn't dramatic.

Ray Dalio

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Ray Dalio
Age: 75
Born: 1949
Born: August 8
Businessman
Hedge Fund Manager
Investor
Jackson Heights
Queens
Raymond Dalio
Raymond Thomas Dalio
Right
Balance
Amount
Restructuring
Words
Austerity
Three
Balances
Money
Printing
Beautiful
Options
Certain
Dramatic
Done
Debt

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I'm scared of people with power making the decision.
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