Quote

"For like a shaft, clear and cold, the thought pierced him that in the end the Shadow was only a small and passing thing: there was light and high beauty for ever beyond its reach." -- J.R.R. Tolkien

Monday, October 13, 2014

Ray Dalio: How the Economic Machine Works

If you have not seen this video yet, I very highly recommend that you watch it, even if you do not consider yourself an economist.  This video, while slightly simplistic, will give you an extremely good idea of how the economy as a whole works and will make you are better person and a more intelligent voter.

The primary point that he simplified was the role of currency values in transactions, but you are free to dig more in depth as it pleases you.

How the Economic Machine Works:
https://www.youtube.com/watch?v=PHe0bXAIuk0
Or for Seeking Alpha people:
http://seekingalpha.com/article/2546645-how-the-economic-machine-works

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