This 2013 video from Ray Dalio is called “Economics 101 – How the Economic Machine Works” and is an easy to follow 30 minute explanation of economic concepts such as credit, deficits, interest rates, and helps to break down the basic driving forces behind economic policy and why cycles occur. It’s taken from a series of 8 videos based on his best-selling book, called ‘Principles for Success”.
Ray Dalio, is an American investor, hedge fund manager and the founder of Bridgewater Associates. Born in Jackson Heights to a jazz musician and a homemaker, he began investing at the age of 12, when he bought shares in Northeast Airlines for $300 and tripled them a short time later when the airline merged with another. We highly recommend you subscribe to his YouTube channel to watch the full series.