"Xu argues that Ray Dalio has failed to grasp macroeconomic realities for two primary reasons...The first is that Dalio uses a "microeconomic mentality" when it comes to the macroeconomic issues of national debt...The second is that Dalio views the macroeconomy as a machine subject to inflexible laws...Xu instead considers it to be a dynamic and mercurial beast, responding differently to the same policies depending on supply and demand conditions"

#macroEconomics #chineseEconomics #china #economics

https://www.chinabankingnews.com/p/chinese-economists-recruit-ray-dalio