The Economic Principles website has this simple but effective animation explaining how the economic machine works.
The economy works like a simple machine.
But many people don't understand it -- or they don't agree on how it works -- and this has led to a lot of needless economic suffering.
I feel a deep sense of responsibility to share my simple but practical economic template. Though it's unconventional, it has helped me to anticipate and sidestep the global financial crisis, and has worked well for me for over 30 years.
|"The way you use the phone is a proxy for the way you live."|
|China's Ghost Cities|
|Time To Say Goodbye to Paper Money|
|Another bubble ready to burst!|
|"Instead of building hospitals, why don't we just give poor people money?"|
|A Really Fast Electric Skateboard|
|“That's how different these results are becoming.”|
|Japanese Robot Serves Ice Cream From Inside a Vending Machine|
|“How to build a house.”|
|CaptchaTweet: Write Tweets in Captcha Form|
|Humans Need Not Apply|
|“Wouldn't it be nice if you were rewarded for all of the little good things you do.”|
|When the Wrong Hastag Can Get You Killed by an Assassination Drone|
|The (Very Scary) People of Public Transit|
|Amateur-Built Electric Car Going After Record Set by Tesla|
|“Instead of consuming fossil fuels, it would then feed surplus electricity into the grid.”|