Ray Dalio & Andrew Ross Sorkin on His New Book "1929" and How Debt Drives Every Crash

Ray Dalio interviews Andrew Ross Sorkin about Sorkin's new book on the 1929 stock market crash, drawing parallels between the characters and circumstances of that era and the present day. They discuss key figures like Charlie Mitchell, Carter Glass, and John Raskob, and identify analogous figures and situations in today's financial landscape. The conversation explores the mechanics of bubbles, the role of credit and debt, and the impact of policy decisions, comparing the responses to the crises of 1929, 2008, and potentially today. They also examine the role of regulation, democratization of finance, and the potential risks associated with private markets and credit.