Notes

How The Economic Machine Works – Ray Dalio

By 2018-08-11 No Comments

An unconventional approach to economics that helped Ray Dalio anticipate (and side-step) the global financial crisis. When you understand that the economy is nothing more than the accumulation of all human transactions, it becomes fractal. Dalio explains the economy in terms of 3 forces – Productivity Growth, and the long-term & short-term debt cycles.