September
2013
25

The economy works like a machine

price of the economy

I would like to share a 30 minutes video that shows the economy working like a simple machine. The video provides a simple and understandable approach to the complexity of the economy.

 

The main elements that are used to describe this machine-behaving economy are basic but mostly misunderstood: Transactions, Credit, Money, Debt and Productivity.

 

This video is explained by Ray Dalio, founder of the investment firm Bridgewater Associates and according to Forbes the 88th richest person in the world. He is one of the most influent men in the world, listed in Time 100 list of the most influential people. He has been labeled the “Steve Jobs” of investing.

 

 

If you want to read the full 210 pages long document created by the Bridgewater Firm that provides a more in depth coverage of the economic principles where you can find all the data used for the video, you can follow this link. Enjoy the video!