Economics and Trade

This month, I’d like to highlight the following, with an emphasis placed on economy and trade:

  • Read: This article from Vanguard focuses on free trade, its contribution to the global economy, and how it involves a compromise between growth and jobs.
  • Listen: For a seesaw to work properly, you need at least two people–one on each side. When looking at the economy, we should always be asking, “Who is on the other side of the seesaw?” In this podcast by David Stein, he applies the seesaw analogy to federal budget deficits, the national debt, and trade.
  • Watch: How does the economy really work? This simple but not simplistic video by Ray Dalio (founder of Bridgewater Associates), shows the basic driving forces behind the economy, and explains why economic cycles occur by breaking down concepts such as credit, interest rates, leveraging and deleveraging. 
    For the heartiest of hearty, if you’d like to read a fuller treatment of the video, check out Dalio’s 300-page essay here.

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You can click on the links below to access this month’s resources. Thanks for reading, listening, and watching!