John Carney — Ray Dalio explains 'How the Economic Machine Works'

Back in 2008, Bridgewater founder Ray Dalio put out a paper titled "How the Economic Machine Works: Leveragings and Deleveragings." It was a long slog through history that explained why the financial sector and the economy had fallen into such dire straits.

Over the years, the paper was revised and expanded. It now runs to 210 pages and bears the title "Economic Principles." This, of course, is an intentional reference to Dalio's previous book-length paper titled simply "Principles."

Video, too.

CNBC NetNet
Ray Dalio explains 'How the Economic Machine Works'
John Carney | Senior Editor