How The Economic Machine Works by Ray Dalio

Ray Dalio's 30-minute animated video explains how the economy works through credit, debt, interest rates, and short- and long-term cycles. It is based on his template for understanding the economy.

Why HN recommends it: HN repeatedly recommends it as the best layperson overview of debt, credit and economic cycles.

“it’s the best layperson explanation of debt I’ve ever seen” Read on HN ↗