Ray Dalio Says Fed Needs to Watch Bottom 60% of Earners

The video discusses the importance of considering the bottom 60% of earners in US economic policy to avoid miscalculations. It highlights Ray Dalio's concerns about populism and its potential to lead to extremism if not addressed. The discussion also covers global economic issues, including trade and protectionism, and their potential to cause social instability.

What concerns does Ray Dalio express regarding protectionism and its potential effects?

How does social instability relate to economic issues in the context of the United States?