How The Economic Machine Works

Ray Dalio
Bridgewater Associates, 2013
Level: beginner
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.

Go to: Short Film

Tags: business cycle | central bank | credit | crisis | debt | deflation | inflation | money | productivity | recession
00:15:25
Level: beginner 2013
DEBT episode 1: Debt, a great invention
Dirk Bezemer
University of Groningen
Level: beginner
Positive Money
Various authors
Positive Money
Level: advanced 2021
European Macroeconomics - Learning and Teaching Package
Peter Bofinger
Exploring Economics

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