The current crisis in historical perspective

This short post is primarily to give links to three excellent articles on macro economics by Ray Dalio, founder of Bridgewater.

The first, a ‘template for understanding’ how economies work, is better than anything I have ever seen in introductory books on economics.

The other two articles take a closer look at the dynamics of debt and deleveraging, and give a good sense of the processes that we are currently seeing in action at the moment.

Click here to go to the articles.


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