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Thread: The world economy explained with just two cows

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    The world economy explained with just two cows

    You've got to love the definition of the Irish economy!




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    How The Economic Machine Works by Ray Dalio

    Created by Ray Dalio this simple but not simplistic and easy to follow 30 minute, animated video answers the question, "How does the economy really work?" Based on Dalio's practical template for understanding the economy, which he developed over the course of his career, the video breaks down economic concepts like credit, deficits and interest rates, allowing viewers to learn the basic driving forces behind the economy, how economic policies work and why economic cycles occur.









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