Market Extra: Head of world’s largest hedge fund says adoption of unorthodox monetary policy is ‘inevitable’

It has been referred to by some business experts and economists as weird science, “garbage” and “nonsense,” but Ray Dalio says that unconventional monetary policies may be required as traditional policy stumbles.

In a Wednesday blog post on LinkedIn, Dalio, founder of Bridgewater Associates LP, the world’s biggest hedge fund, said the ineffectiveness of current monetary policy alone, including cutting interest rates or offering cheap financing to a select few, will make some version of strategies like so-called Modern Monetary Theory (MMT), or what he refers to as Monetary Policy 3 (MP3), more tenable options in the future.

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