20Aug-经济是如何运行的 Part1（英文笔记Mindmap

毫不夸张的时候，这是我看到过的最好的介绍宏观经济学的视频。两周内第三次看了，觉得还是不过瘾，于是把稿子拿来分析一下。后来发现作者原来如此大名鼎鼎。

Author: Ray Dalio

经济机器是怎样运行的 (时长30分钟) Ray Dalio 经济的重要组成部分 消费与借贷之间的关系 政府在经济中的作用

Economy

Key element: Transaction

Major force

Productivity Growth

Short term debt cycle

Long term debt cycle

Total Spending

Money

Credit

Borrower

want to buy sth. they can afford

Ability to repay

Collateral

Lender

want to make their money into more money

Principal

Interest

rate is high, less borrowing

rate is low, more borrowing

Debt

An asset to the lender

A liability to the borrower

Government

Central Government

Collects taxes

Spend money

Central Bank

control the amount of money and credit

Influence the interest rate

Printing money