Economics 101 -- "How the Economic Machine Works" by Ray Dalio. This video gives a simple explanation of the basics of the economy without oversimplifying.
Video segments
0:00 Intro
1:16 What are transactions
2:16 What is a market
3:27 Most important part of the economy
6:20 What are cycles
9:10 More on credit
14:34 Long term debt cycle
16:49 Deleveraging in recessions
21:05 Depressions
26:18 Beautiful deleveraging
30:00 3 Rules of Thumb (tips for viewers)
