Tuesday, September 24, 2013

It's The Economy Stupid: How the Economic Machine Works (In 30 Minutes)

This is an excellent piece from Ray Dalio, the head honcho at Bridgewater, and his team.  It is a 30 minute animated video.  A must see if you are interested in how the U.S. economy works, and how economic decisions affect your life.




Through my work over the years, I have come to realize that many people don't understand how the economy really works. As a result of that lack of understanding, I have seen numerous individuals, investors, policy makers and economists make bad choices and give bad advice that has led to too many economic tragedies.


I also constantly hear people argue about what economic policies would be best. I believe that if people first explored how the economy works and could agree on that, they would find it easier to make better decisions, and the world will be a better place.


To help foster the understanding and exploration about how the economic machine works, I set out my template in a 30 minute animated video.  While simple, this video addresses controversial issues such as:


• The printing of money and its relationship to inflation

• What a deleveraging is and how one works

• The impact of the budget deficits on the economy


It is available at:




Thanks for your help,







John Broussard

Assistant State Treasurer

Chief Investment Officer

State of Louisiana

Department of the Treasury




No comments:

Post a Comment