Raymond “Ray” Dalio is an American billionaire investor, who is a co-founder of the investment firm Bridgewater Associates, one of the world’s largest hedge funds. Astonishingly he also a producer of an economical 101 YouTube video (from the year 2013), which explains how “The Economic Machine Works.”
The 30 minutes video (worth every minute) explains in a simple but not simplistic way the inner mechanism of the machine. Three main forces are described, which drives the economy.
Short Term Debt Cycle
Long Term Debt Cycle