Economics
Ray Dalio Says Populism May Be a Bigger Deal Than Monetary and Fiscal Policy
- Populism is at highest level since the late 1930s, he says
- Debuts Developed World Populism Index to show historical trend
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Billionaire Ray Dalio, further assessing the impact of President Donald Trump’s surprise election, warned that global populism will be an economic force more powerful than monetary and fiscal policies over the next year.
In an 81-page paper published Wednesday that details the history of populists in 10 countries from Franklin Roosevelt to Hugo Chavez, Dalio analyzed the phenomenon in an effort to make sense of today’s current political environment.