FILE – Productivity, Credit and Debt

A great 30 minute YouTube video – “How the Economic Machine Works” – is well worth watching
It was made some years ago by Ray Dalio, Co-Chief Investment Officer & Co-Chairman of Bridgewater Associates
He explains the fundamentals behind how national economies work, how human nature makes credit and debt cycles inevitable, and how, ultimately, economic growth depends on productivity improvement
It’s great for non-economists like myself in helping understand, if only partially, how economies tick – I suspect there will be many economists who will also benefit from reading what he says

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