How The Economic Machine Works by Ray Dalio
Economics 101 — “How the Economic Machine Works.”
Created by Ray Dalio this simple but not simplistic and easy to follow 30 minute, animated video answers the question, “How does the economy really work?” Based on Dalio’s 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.
To learn more about Economic Principles visit: http://www.economicprinciples.org.
[Also Available In Chinese] 经济这台机器是怎样运行的: http://www.youtube.com/watch?v=-ZbeYejg9Pk
[Also Available In Russian] Как действует экономическая машина. Автор: Рэй Далио (на русском языке): http://youtu.be/8BaNOlIfMLE
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Love this video. Watched it like I watch movies, and enjoyed just as much, while also got some new things to get my brain moving)))))))))))))))
Winnipeg Manitoba Canada 🇨🇦
Wow,it's so amazing and free.Thank you for the knowledge
So increase the productivity growth and we should be good! Build schools that provide actual useful information, like the information in this video.
So a depression happens because people are too naive to know how to handle money and then complain because they don't know it was their fault in the first place.
Can someone explain what is Total amount spent divided by total quantity sold gives us the Price. i didn't quite get that.
Thank you Ray Dalio to make this topic very easily understandable. 👍
So banks make credit(the equivalent of money) out of thin air….nice.
So we give up our hard earned tangible assets as collateral for their pixie dust….
"Hmm let's make sure this guy is creditworthy so we can type up some numbers in our computer, to lend to him"…
Wtf…and people bow and scrape to these con artists so they can steal from their future selves to profit these crooks.
The fact this is legal makes it obvious who truly runs the show.
I still do not understand the idea of printing money. Where does it go? If the government is printing money, does it not create more debt on top, since it goes out directly to banks and then into the borrowers hands?
Keynesian nonsense. Production drives the economy, not spending.