How The Economic Machine Works by Ray Dalio
In this 30 minute easy to follow video, Ray Dalio (founder of the investment firm Bridgewater Associates, one of the world’s largest hedge funds) explains, in a simple but not simplistic way, ”How the economy really works”. He does this based on his practical template for understanding the economy, which he developed over the course of his career.
The video breaks down economic concepts like credit, deficits and interest rates, allowing viewers to learn the basic driving forces behind the economy, how economic policies work and why economic cycles occur. Certainly an interesting watch, even for the financially savvy.