Economy
Discover facts about economy. Small discoveries that change the way you see familiar things.
Economy
Studies have shown that hedge funds with aggressive, hyper-masculine names or complex financial jargon in their titles actually tend to underperform compared to funds with incredibly boring or generic names.
Studies have shown that hedge funds with aggressive, hyper-masculine names or complex financial jargon in their titles actually tend to underperform compared…
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Dutch merchant Adriaen van Ketwich launched the world's very first mutual fund in seventeen seventy-four as a desperate response to a brutal European financial crisis,…
Dutch merchant Adriaen van Ketwich launched the world's very first mutual fund in seventeen seventy-four as a desperate response to a brutal European…
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Fort Knox currently holds roughly four thousand metric tons of gold bullion, but the United States government legally values this massive hoard at a statutory rate of exactly…
Fort Knox currently holds roughly four thousand metric tons of gold bullion, but the United States government legally values this massive hoard at a statutory…
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Self-made billionaire narrative is largely a beautifully constructed mythological public relations campaign, as recent economic studies consistently show that the vast majority…
Self-made billionaire narrative is largely a beautifully constructed mythological public relations campaign, as recent economic studies consistently show that…
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Gratuity culture in the United States exploded right after the Civil War because wealthy business owners strongly preferred the idea of forcing newly freed slaves to live…
Gratuity culture in the United States exploded right after the Civil War because wealthy business owners strongly preferred the idea of forcing newly freed…
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John D Rockefeller became exponentially richer after the US government forcibly broke up his massive Standard Oil monopoly in 1911 due to antitrust violations.
John D Rockefeller became exponentially richer after the US government forcibly broke up his massive Standard Oil monopoly in 1911 due to antitrust…
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Britain introduced a window tax in 1696 where homeowners were taxed based on the number of windows their houses had, which was intended to be a progressive tax on the wealthy.
Britain introduced a window tax in 1696 where homeowners were taxed based on the number of windows their houses had, which was intended to be a progressive…
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Rapper 50 Cent accidentally became a cryptocurrency millionaire because he completely forgot that he accepted Bitcoin as a valid payment method for his 2014 album 'Animal…
Rapper 50 Cent accidentally became a cryptocurrency millionaire because he completely forgot that he accepted Bitcoin as a valid payment method for his 2014…
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Aggressive Wall Street hedge funds, appropriately nicknamed vulture funds, frequently specialize in buying the deeply discounted sovereign debt of completely desperate, bankrupt…
Aggressive Wall Street hedge funds, appropriately nicknamed vulture funds, frequently specialize in buying the deeply discounted sovereign debt of completely…
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High-deductible health insurance plans in the United States operate on the profoundly cruel economic premise that if you force sick people to pay thousands of dollars out of…
High-deductible health insurance plans in the United States operate on the profoundly cruel economic premise that if you force sick people to pay thousands of…
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Human economies before the Industrial Revolution were locked in a miserable, stagnant cycle known as the Malthusian trap, where any technological advancement that increased food…
Human economies before the Industrial Revolution were locked in a miserable, stagnant cycle known as the Malthusian trap, where any technological advancement…
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Political commentator Thomas Friedman famously proposed the Golden Arches Theory of Conflict Prevention, aggressively arguing that no two countries that both possess a…
Political commentator Thomas Friedman famously proposed the Golden Arches Theory of Conflict Prevention, aggressively arguing that no two countries that both…
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Sociologists and economists often refer to the phenomenon of the rich getting perpetually richer as the Matthew effect, a concept deeply rooted in the simple mathematical reality…
Sociologists and economists often refer to the phenomenon of the rich getting perpetually richer as the Matthew effect, a concept deeply rooted in the simple…
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Right up until the year 1999, the European nation of Switzerland officially legally required that at least forty percent of its circulating national currency be strictly backed…
Right up until the year 1999, the European nation of Switzerland officially legally required that at least forty percent of its circulating national currency…
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Giffen goods represent a fascinating economic paradox where people actually consume more of a specific inferior product as its price rises, directly violating standard consumer behavioral models.
Giffen goods represent a fascinating economic paradox where people actually consume more of a specific inferior product as its price rises, directly violating…
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Heinz completely dominates the global ketchup market not because tomatoes are hard to grow, but because they brilliantly engineered their recipe to perfectly hit all five primary human taste receptors simultaneously.
Heinz completely dominates the global ketchup market not because tomatoes are hard to grow, but because they brilliantly engineered their recipe to perfectly…
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Federal Emergency Management Agency officials actively use the operational status of local Waffle House restaurants to determine the severity of a natural disaster and the urgent need for federal resource deployment.
Federal Emergency Management Agency officials actively use the operational status of local Waffle House restaurants to determine the severity of a natural…
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Elementary school playgrounds in the late nineteen nineties briefly developed a ruthless, high-stakes underground economy based entirely on the trading value of holographic…
Elementary school playgrounds in the late nineteen nineties briefly developed a ruthless, high-stakes underground economy based entirely on the trading value…
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Delivery drivers in the Washington metropolitan area inadvertently created the Pizza Meter, a legendary geopolitical economic indicator based entirely on late-night food orders…
Delivery drivers in the Washington metropolitan area inadvertently created the Pizza Meter, a legendary geopolitical economic indicator based entirely on…
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British rock legend David Bowie revolutionized the boring world of high finance in 1997 by officially transforming his entire back catalog of hit songs into tradable corporate…
British rock legend David Bowie revolutionized the boring world of high finance in 1997 by officially transforming his entire back catalog of hit songs into…
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Corporate life expectancy has drastically plummeted over the last century, with the average lifespan of a heavily capitalized company sitting on the prestigious S&P 500 index…
Corporate life expectancy has drastically plummeted over the last century, with the average lifespan of a heavily capitalized company sitting on the…
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British currency is historically called the pound sterling because a little over a thousand years ago under the reign of King Athelstan it was literally defined as the exact…
British currency is historically called the pound sterling because a little over a thousand years ago under the reign of King Athelstan it was literally…
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Credit cards were entirely conceptualized by a socialist utopian science fiction writer named Edward Bellamy over sixty years before the first physical plastic card was ever issued by a bank.
Credit cards were entirely conceptualized by a socialist utopian science fiction writer named Edward Bellamy over sixty years before the first physical…
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Automated teller machine inventor John Shepherd-Barron came up with the revolutionary concept while sitting in the bathtub agonizing over the fact that his bank branch was closed on weekends.
Automated teller machine inventor John Shepherd-Barron came up with the revolutionary concept while sitting in the bathtub agonizing over the fact that his…
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