stackyFACTSFinding oceans of oil under your borders is somehow a massive tragedy. Developing nations with massive natural deposits often suffer from severe corruption and completely neglected alternative industries.
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When the Netherlands found massive gas reserves, their currency spiked so violently that all their other exports became entirely uncompetitive. Being too…
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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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The resource curse is a brilliant paradox where nations blessed with staggering natural wealth often experience slower growth and worse governance. Endless…
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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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Sometimes the central bank pulls its most powerful lever and absolutely nothing happens. When citizens are entirely terrified of the future, even zero percent…
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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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