Instruction
can you finish it by tonight , like just in few hours, it is due tonight, now it 6 pm here and it is due 11;59
and this post what you will give a feedback for it:
I really enjoyed the video, "How the Economic Machine Works." Ray Dalio does a great job explaining the economy in a way that is easy to understand. The economy is nothing more than a system of interactions. I have to admit, I have never really thought of it as something that simple. Dalio thoroughly explains the three cycles of the economy, which are productivity, short-term debt cycle, and long-term debt cycle. One thing in particular that I was surprised about is the fact that depressions in the economy are, in a sense, unavoidable. These depressions are just part of the cycle of how the economy functions. Another idea that was thoroughly explained in the video is credit. Credit is basically created out of thin air, on an agreement of repayment. Credit drives the economy because it increases spending. This increased spending, and spending in general, is someone else's income. This increased income for them gives them more spending power, which keeps the economy going.
After watching the video, I have a much better understanding of the economy and how it functions. I also have a better understanding of credit and how to use it wisely.