Ray Dalio of Bridgewater Associates has produced a 30 minute video called “How The Economic Machine Works” that distills down to the very essence pretty much all you need to know about how the general economy works. It’s useful to see particularly because it’s able to zoom in and out of where the economy is at pretty much any given point, which in turn is useful to try and understand (and anticipate) where we are (and will be) in our economic cycles in the future.
He does this by explaining how income, spending, and credit work together. He presents three basic graphs and lays them on top of each other so you can see what’s happening in the long term view, the short term view, and how productivity grows over time.
I thought it was a 30 minutes well spent and you might like it too.