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Credit is a promise to deliver money. It will produce GDP but you'll create credit... So you reach a certain point that that you can't do that anymore... There are choices. And how do we best support, apportion the money? How much is going to be transferred?
Ray Dalio
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"Credit is a promise to deliver money. It will produce GDP but you'll create credit... So you reach a certain point that that you can't do that anymore... There are choices. And how do we best support, apportion the money? How much is going to be transferred?"
— Ray Dalio #moneywealth

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Credit is a promise to deliver money. It will produce GDP but you'll create credit... So you r…

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Credit is a promise to deliver money. It will produce GDP but you'll create credit... So you reach a certain point that that you can't do that anymore... There are choices. And how do we best support, apportion the money? How much is going to be transferred? — Ray Dalio

About Ray Dalio

Ray Dalio was a Businessman from United States (1949–present).

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Frequently Asked Questions

Who said "Credit is a promise to deliver money. It will produce GDP but you'll create cre…"?
This quote is attributed to Ray Dalio, a Businessman from United States.
When did Ray Dalio live?
Ray Dalio lived from 1949 – present.
What is this quote about?
This quote touches on Money & Wealth. Browse more quotes on these themes from the categories page.