雷·达里奥：经济机器是如何运转的

Ray Dalio's 30-minute animated video explains how the economy works through credit, debt, interest rates, and short- and long-term cycles. It is based on his template for understanding the economy.

Why HN likes it: HN repeatedly recommends it as the best layperson overview of debt, credit and economic cycles.

“it’s the best layperson explanation of debt I’ve ever seen”