Step 01The big idea
The economy works like a simple machine.
It looks complicated, but it's built from a few simple parts and a huge number of simple transactions repeated over and over.
In this course we'll build the machine up piece by piece: start with a single transaction, add credit, and then watch three forces combine, productivity growth, the short-term debt cycle, and the long-term debt cycle.
Most of the charts here are interactive. Drag the sliders and try to break them, that's how the intuition sticks.