The economy is doing great is what all the pundits are saying. The stock market is at an all time high. Everyone in bullish. And not many seem to understand why, and how long ?
That's when I realized that I too didn't understand as much about the economy as much as I should. And so started looking to learn. When I came across this "...simple but not simplistic" learning asset created by Bridgewater's Ray Dalio. Have a watch.
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
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