Economy
Discover facts about economy. Small discoveries that change the way you see familiar things.
Economy
Coca-Cola executives operating inside Nazi Germany invented Fanta because wartime trade embargoes completely cut off their access to traditional American cola syrup.
Coca-Cola executives operating inside Nazi Germany invented Fanta because wartime trade embargoes completely cut off their access to traditional American cola…
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Standard and Poor's historically downgraded the credit rating of the United States federal government in 2011 from AAA to AA+ due to endless political bickering over the debt ceiling.
Standard and Poor's historically downgraded the credit rating of the United States federal government in 2011 from AAA to AA+ due to endless political…
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Pablo Picasso essentially discovered a real-world infinite money glitch by frequently paying for his expensive restaurant meals with simple doodles scrawled on paper napkins,…
Pablo Picasso essentially discovered a real-world infinite money glitch by frequently paying for his expensive restaurant meals with simple doodles scrawled…
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Arcade claw machines are not actually tests of spatial awareness or physical dexterity, but rather legally sanctioned gambling devices meticulously programmed by the manufacturer…
Arcade claw machines are not actually tests of spatial awareness or physical dexterity, but rather legally sanctioned gambling devices meticulously programmed…
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Wedding industry vendors operate on a remarkably blatant form of price gouging known as the 'wedding markup', where they aggressively inflate the exact same services by up to…
Wedding industry vendors operate on a remarkably blatant form of price gouging known as the 'wedding markup', where they aggressively inflate the exact same…
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Exiled Scottish gambler John Law somehow convinced the absolute monarch of France to let him establish a massive central bank in 1716 and tie the national currency directly to…
Exiled Scottish gambler John Law somehow convinced the absolute monarch of France to let him establish a massive central bank in 1716 and tie the national…
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Private prison corporations in the United States frequently include deeply dystopian lockup quotas in their contracts with state governments, legally requiring the state to keep…
Private prison corporations in the United States frequently include deeply dystopian lockup quotas in their contracts with state governments, legally…
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American hospitals utilize a highly secretive and wildly inflated price list known as a chargemaster, which dictates the completely arbitrary base prices for every single medical…
American hospitals utilize a highly secretive and wildly inflated price list known as a chargemaster, which dictates the completely arbitrary base prices for…
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Online retailers absolutely love offering you free shipping because behavioral economists have proven that consumers are fundamentally terrible at basic math.
Online retailers absolutely love offering you free shipping because behavioral economists have proven that consumers are fundamentally terrible at basic math.…
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New Zealand once seriously proposed taxing farmers for the methane gas produced by their livestock's burps and flatulence in an attempt to combat climate change.
New Zealand once seriously proposed taxing farmers for the methane gas produced by their livestock's burps and flatulence in an attempt to combat climate…
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Video games generate significantly more global revenue than the international movie and music industries combined, firmly establishing interactive gaming as the undisputed…
Video games generate significantly more global revenue than the international movie and music industries combined, firmly establishing interactive gaming as…
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Unpaid internships initially emerged as a way to provide clinical training for doctors in the early twentieth century, but eventually mutated into a massive corporate loophole…
Unpaid internships initially emerged as a way to provide clinical training for doctors in the early twentieth century, but eventually mutated into a massive…
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Global economic research consistently indicates that women drive the vast majority of consumer purchasing decisions worldwide, effectively controlling or heavily influencing an…
Global economic research consistently indicates that women drive the vast majority of consumer purchasing decisions worldwide, effectively controlling or…
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Recent economic reports from global financial institutions have repeatedly confirmed that the richest one percent of the global population currently hoards roughly half of all…
Recent economic reports from global financial institutions have repeatedly confirmed that the richest one percent of the global population currently hoards…
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Global furniture behemoth IKEA intentionally relies on a hyper-specific naming system for its products where beds are named after Norwegian places and rugs are named after Danish…
Global furniture behemoth IKEA intentionally relies on a hyper-specific naming system for its products where beds are named after Norwegian places and rugs…
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Alaska operates the closest thing to a universal basic income in the United States by literally paying its residents an annual cash dividend just for existing within the state borders.
Alaska operates the closest thing to a universal basic income in the United States by literally paying its residents an annual cash dividend just for existing…
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Executives at WeWork managed to trick serious venture capitalists into valuing a basic office-subleasing company at an astonishing forty-seven billion dollars by aggressively…
Executives at WeWork managed to trick serious venture capitalists into valuing a basic office-subleasing company at an astonishing forty-seven billion dollars…
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Scotland bankrupted its entire national economy in the late 1690s by sinking a fifth of the country wealth into a doomed attempt to build a colonial empire in the mosquito-infested swamps of Panama.
Scotland bankrupted its entire national economy in the late 1690s by sinking a fifth of the country wealth into a doomed attempt to build a colonial empire in…
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Billionaires in the United States routinely pay a lower effective tax rate on their massive fortunes than the average working-class plumber or public school teacher.
Billionaires in the United States routinely pay a lower effective tax rate on their massive fortunes than the average working-class plumber or public school…
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Italian truffle hunters navigate a cutthroat underground market for rare white truffles that is so lucrative they frequently use poisoned meatballs to assassinate rival foraging dogs.
Italian truffle hunters navigate a cutthroat underground market for rare white truffles that is so lucrative they frequently use poisoned meatballs to…
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Nearly every single product lining the brightly lit aisles of a modern supermarket is ultimately owned and controlled by one of only about ten massive multinational conglomerates like Nestle, Unilever, or PepsiCo.
Nearly every single product lining the brightly lit aisles of a modern supermarket is ultimately owned and controlled by one of only about ten massive…
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Fast food dollar menus are economically sustainable only because the actual cost of raising beef and corn is heavily subsidized by the government, meaning taxpayers are…
Fast food dollar menus are economically sustainable only because the actual cost of raising beef and corn is heavily subsidized by the government, meaning…
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First-century Roman engineers invented the very first vending machine specifically to dispense controlled amounts of holy water to temple worshipers in exchange for a simple coin.
First-century Roman engineers invented the very first vending machine specifically to dispense controlled amounts of holy water to temple worshipers in…
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Black Friday was not originally coined to describe profitable retail sales, but rather originated in 1869 when two ruthless Wall Street financiers attempted to corner the…
Black Friday was not originally coined to describe profitable retail sales, but rather originated in 1869 when two ruthless Wall Street financiers attempted…
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