stackyFACTSThe most important lever in a modern capitalist society is completely insulated from democratic voting. A handful of appointed economists dictate exactly how expensive borrowing capital will be for the entire population.
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While microeconomics worries about why you chose to buy a generic brand, macroeconomics zooms so far out it loses sight of the individual entirely. It…
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Unlike an average citizen, a sovereign nation cannot easily be repossessed. When a government runs completely out of capital, they just announce they are not…
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Putting away cash for a rainy day is smart for you, but catastrophic if everyone does it at once. The paradox of thrift argues that a collective increase in…
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A wildly popular theory claiming that free markets are too stupid to fix themselves. It argues that massive state spending is absolutely mandatory to drag a…
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Finding oceans of oil under your borders is somehow a massive tragedy. Developing nations with massive natural deposits often suffer from severe corruption…
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Getting a rescue package from global authorities comes with absolutely brutal conditions. Developing countries receive emergency reserves, but only if they…
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