One of the better video online explaining how our financial system works. Definitely better than any nonsense from classic economic theories.
You can find the draft paper from http://www.economicprinciples.org/
Note: Bridgewater obvious found out the hard way that such video can bring down their website so they have uploaded the video to youtube now. I have fixed the link to point to youtube.
[DTBpromo]
Is this video gone?
See note above =)
Video now hosted at youtube.
Cheers mate.
Ray Dalio Discussing the Economic Machine at the New York Times DealBook Conference – November 12, 2013
https://www.youtube.com/watch?v=649jgLwKUQ0