How The Economic Machine Works by Ray Dalio - YouTube
The economy functions like a simple machine despite its perceived complexity. It's composed of transactions driven by human nature, creating three main forces: Productivity growth, the Short-term debt cycle, and the Long-term debt cycle. These forces interact to form a template for understanding economic movements.
Principles for Dealing with the Changing World Order by Ray Dalio - YouTube
Ray Dalio emphasizes that the times ahead will be significantly different from those we've known, yet similar to historical patterns. His study of the last 500 years reveals recurring cycles of empire rise and fall, particularly examining the Dutch, British, and US empires. Dalio shares insights in his book, Principles for Dealing with the Changing World Order.