smart ideas from books (mostly)
Pittsburgh Man is a short and remarkable documentary, from photographer and singer Corey James Bost.
It is about his father’s struggle with parkinson’s disease.
Stop and click play below, because this video deserves 10 minutes of your time.
I nearly wept watching it.
Here is a great video by investor Ray Dalio called, How The Economic Machine Works.
Most instructive, I think, is the way it explains in layman terms how the government’s control over interest rates ripples through all economic activity.
In short, price ceilings and price floors on the price of money (AKA: interest rates) has both long-term and short-term effects.
Steer clear of Dalio’s other published views on “Reforming Capitalism” though.
He ventures from economics into politics by sleight of hand. Good-grief I could write a book pointing out all the places where he is flat out wrong or chose to twist the truth.
Anyhow.
Watch at learn here about the economic machine:
