Seonglae ChoSmall transactions are repeated based on human nature, and the economy works
There are three factors that drive the economy by human nature.
- productivity growth
- short term debt cycle
- long term debt cycle
The template predicts and explains how these interact with each others
- The growth rate of debt should not be faster than income growth.
- Income growth must not be faster than productivity growth
- Productivity growth is paramount
Economics Components
Ray Dalio
How The Economic Machine Works by Ray Dalio
Economics 101 -- "How the Economic Machine Works."Created by Ray Dalio this simple but not simplistic and easy to follow 30 minute, animated video answers th...
https://www.youtube.com/watch?v=PHe0bXAIuk0
