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How the Economic Machine Works
By Some Ideas on Investing in Singapore  •  July 8, 2015
Sharing this interesting video that I found on Youtube, not sure if any of you have seen it before, that may help you understand the economy and how it works better and answer questions such as why we have cycles, what is the role of the central bank, etc. It is by Ray Dalio, founder of Bridgewater Associates.
I'm guessing that most of you would not be able to shell out 30 minutes just to watch this video (though it would be good if you did to gain a better understanding), so I'll just put a brief summary of the main points here, as well as some of my thoughts on them. Main Points
  1. The economy is made up of transactions
  2. One person's spending is another person's income
  3. Lending increases one's spending and another person's income, while allows the next person to borrow more money and the process ...
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By Some Ideas on Investing in Singapore
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