What money, credit and the economy have in common

How does money, credit and the economy work?
Ray Dalio explains how transactions affect the economy’s growth while impacting deflation and inflation.
In an ideal world(depending on whose utopia this is), all or most credit would go towards productive work but alas most people take on debt for luxuries that they cannot pay back at a future date.

You Might Also Like

No Comments

Leave a Reply