How The Economic Machine Works

Level: beginner
Ray Dalio | Bridgewater Associates, 2013
Perspective: Post-Keynesian Economics
Topic: crisis, money & debt
Format: Short Film
Duration: 00:30:59
Link: https://www.youtube.com/watch?v=PHe0bXAIuk0
The author identifies three principal economic phenomena, which are explained: long run productivity growth as the central driver of increasing economic activity, short-term and long-term debt cycles. The latter two are explained to some detailed with reference to money creation, central banking and long term crisis tendencies. With regards to the long run debt cycle, which leads into deleveraging and recession, some policy measures which can smoothen the crisis are discussed.

Tags

Donate

This project is brought to you by the Network for Pluralist Economics (Netzwerk Plurale Ökonomik e.V.).  It is committed to diversity and independence and is dependent on donations from people like you. Regular or one-off donations would be greatly appreciated.