Ray Dalio, Founder of Bridgewater Associates, created a 30 minute primer on the economy that is insightful, charming and worth your time:
Dalio believes we are experiencing an end to a long-term debt cycle, which occurs approximately every 75 – 100 years, and the world’s central banks do not have enough firepoower to combat it.
His 3 Rules of Thumb:
1. Don’t have debt rise faster than income
2. Don’t have income rise faster than productivity
3. Do all that you can to raise your productivity