Economy
Discover facts about economy. Small discoveries that change the way you see familiar things.
Economy
Why do economists ruthlessly refer to state-run lotteries as an invisible tax on the desperately uneducated?
Why do economists ruthlessly refer to state-run lotteries as an invisible tax on the desperately uneducated?
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If a hacker steals your complete identity, how much does your personal data actually sell for on the dark web?
If a hacker steals your complete identity, how much does your personal data actually sell for on the dark web?
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Why are your favorite snack brands quietly changing the shape of their bottles and boxes instead of raising prices?
Why are your favorite snack brands quietly changing the shape of their bottles and boxes instead of raising prices?
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What is the highly manipulative reason milk and eggs are always located at the very back of the grocery store?
What is the highly manipulative reason milk and eggs are always located at the very back of the grocery store?
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Who is secretly footing the bill for all those amazing travel rewards and cashback points wealthy credit card users get?
Who is secretly footing the bill for all those amazing travel rewards and cashback points wealthy credit card users get?
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Which modern consumer product was the first to be intentionally designed to break so you would have to buy more?
Which modern consumer product was the first to be intentionally designed to break so you would have to buy more?
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Why do almost all modern fast-food restaurants feature incredibly hard seats and aggressively bright overhead lighting?
Why do almost all modern fast-food restaurants feature incredibly hard seats and aggressively bright overhead lighting?
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Why are major companies keeping hundreds of open job postings online despite having zero intention of hiring anyone?
Why are major companies keeping hundreds of open job postings online despite having zero intention of hiring anyone?
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How do major printer companies actually make almost all of their profit in today's hardware market?
How do major printer companies actually make almost all of their profit in today's hardware market?
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What exactly are you paying for when you buy a premium bottle of expensive artisanal water at the convenience store?
What exactly are you paying for when you buy a premium bottle of expensive artisanal water at the convenience store?
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What completely absurd economic reality forces the US government to lose millions of dollars every single year?
What completely absurd economic reality forces the US government to lose millions of dollars every single year?
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What is the most successful corporate lie ever told to convince people to spend a fortune on a shiny rock?
What is the most successful corporate lie ever told to convince people to spend a fortune on a shiny rock?
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Why do theme parks and music festivals desperately want you to pay for everything using a cute wearable wristband?
Why do theme parks and music festivals desperately want you to pay for everything using a cute wearable wristband?
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Despite being just a single localized state composed heavily of chaotic traffic jams and incredibly overpriced avocados, California officially boasts a gross domestic product…
Despite being just a single localized state composed heavily of chaotic traffic jams and incredibly overpriced avocados, California officially boasts a gross…
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Humorist Will Rogers originally coined the concept of trickle-down economics as a blatant joke during the Great Depression, mocking the idea that giving money to the rich would eventually help the poor.
Humorist Will Rogers originally coined the concept of trickle-down economics as a blatant joke during the Great Depression, mocking the idea that giving money…
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Paradox of thrift is a popular macroeconomic concept popularized by John Maynard Keynes which states that if everyone in an economy acts responsibly and saves their money during…
Paradox of thrift is a popular macroeconomic concept popularized by John Maynard Keynes which states that if everyone in an economy acts responsibly and saves…
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Historians widely agree that the iconic American dollar sign did not originate from a stylized overlapping of the letters U and S, but rather from a lazy handwritten abbreviation for the Spanish peso.
Historians widely agree that the iconic American dollar sign did not originate from a stylized overlapping of the letters U and S, but rather from a lazy…
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Government officials in New Zealand legally permitted the temporary circulation of physical coins featuring the stamped faces of various fictional hobbits and wizards during the…
Government officials in New Zealand legally permitted the temporary circulation of physical coins featuring the stamped faces of various fictional hobbits and…
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Seventeenth-century Swedish King Gustavus Adolphus ordered his shipbuilders to construct the most heavily armed and intimidating warship ever conceived, only to watch the massive…
Seventeenth-century Swedish King Gustavus Adolphus ordered his shipbuilders to construct the most heavily armed and intimidating warship ever conceived, only…
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Labor unions literally had to bleed and die in the streets during the nineteenth century just to force wealthy factory owners to grant the working class the concept of a two-day weekend.
Labor unions literally had to bleed and die in the streets during the nineteenth century just to force wealthy factory owners to grant the working class the…
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Financial historians often point out an incredible quirk of inflation where the price of one ounce of gold has consistently bought a high-quality tailored men's suit for over a century.
Financial historians often point out an incredible quirk of inflation where the price of one ounce of gold has consistently bought a high-quality tailored…
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Enron partnered directly with Blockbuster in the year 2000 to create a revolutionary broadband video-on-demand service that completely collapsed before anyone could actually use it.
Enron partnered directly with Blockbuster in the year 2000 to create a revolutionary broadband video-on-demand service that completely collapsed before anyone…
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Chinese video game developer miHoYo generates billions of dollars in real-world revenue by convincing players to gamble their actual paychecks on anime characters with a drop rate of less than one percent.
Chinese video game developer miHoYo generates billions of dollars in real-world revenue by convincing players to gamble their actual paychecks on anime…
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French tax authorities and insurance adjusters refuse to place an official monetary value on the Mona Lisa, categorizing Leonardo da Vinci's masterpiece as completely priceless…
French tax authorities and insurance adjusters refuse to place an official monetary value on the Mona Lisa, categorizing Leonardo da Vinci's masterpiece as…
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