stackyFACTSA canvas with a single blue stripe is worth millions solely because a small group of wealthy gallery owners agreed it is. Subjective value theory proves that materials and effort mean nothing; an object is only worth the insane amount someone else is willing to publicly pay for it.
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Dividing life equally into work, rest, and personal time used to be considered dangerous extremist propaganda. Before it became the standard corporate grind,…
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In the ultimate display of throwing money into a void, hedge fund manager Steve Cohen bought Damien Hirst's 'The Physical Impossibility of Death in the Mind…
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The pie magically expands every time someone takes a bite. Panicked citizens constantly assume that newcomers will steal a strictly limited pool of jobs,…
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A single dollar does not just die once it leaves your hand. The multiplier effect proves that when you pay a mechanic, that mechanic takes your money and buys…
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To make the math actually work, models invented a hypothetical species that flawlessly maximizes utility with perfect foresight and infinite calculating…
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Why bother innovating when you can just rewrite the rules? Rent-seeking is the act of increasing one's own share of existing wealth without actually creating…
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