How the Economic Machine Works — Ray Dalio’s 30-minute animation
Bridgewater founder Ray Dalio explains the economy in a 30-minute animation, broken into four parts: transactions, the three main forces, debt cycles and deleveraging.
- Video: Watch on YouTube (about 31 minutes), posted on the official channel Principles by Ray Dalio
- Presenter: Ray Dalio, founder of Bridgewater Associates
A deliberately simple model of how the economy runs. It starts from individual transactions, then covers the three forces that drive it — productivity growth, the short-term debt cycle and the long-term debt cycle — and finally what happens during deleveraging, once debt has grown too high.