Economy
Discover facts about economy. Small discoveries that change the way you see familiar things.
Economy
State-sponsored lotteries are effectively a massive regressive tax placed almost exclusively on people who are terrible at understanding basic statistics and desperate to escape grinding poverty.
State-sponsored lotteries are effectively a massive regressive tax placed almost exclusively on people who are terrible at understanding basic statistics and…
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United States debt ceiling is an arbitrary legislative limit created in 1917 that restricts how much money the federal government can borrow to pay for expenses it has already legally authorized.
United States debt ceiling is an arbitrary legislative limit created in 1917 that restricts how much money the federal government can borrow to pay for…
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Chief executive officers in the United States currently make roughly four hundred times more money than their average workers, representing a drastic and terrifying increase from the 1965 ratio of just twenty-one to one.
Chief executive officers in the United States currently make roughly four hundred times more money than their average workers, representing a drastic and…
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Arthur Guinness signed an unprecedented nine-thousand-year lease on the St.
Arthur Guinness signed an unprecedented nine-thousand-year lease on the St. James's Gate Brewery in Dublin back in 1759, locking in a fixed annual rent of…
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Walmart generates such a staggering amount of annual revenue that if the massive retail corporation were recognized as an independent sovereign nation, it would boast a gross…
Walmart generates such a staggering amount of annual revenue that if the massive retail corporation were recognized as an independent sovereign nation, it…
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Clarence Saunders completely revolutionized global retail economics when he opened the first Piggly Wiggly store in Memphis back in 1916, inventing the modern self-service…
Clarence Saunders completely revolutionized global retail economics when he opened the first Piggly Wiggly store in Memphis back in 1916, inventing the modern…
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Charles Dow originally launched the famous Dow Jones Industrial Average in 1896 with a surprisingly pathetic roster of only twelve heavily concentrated companies, primarily…
Charles Dow originally launched the famous Dow Jones Industrial Average in 1896 with a surprisingly pathetic roster of only twelve heavily concentrated…
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Maine lobstermen essentially operate an unspoken, decentralized cartel where they fiercely protect their fishing territories by cutting the trap lines of any newcomers who dare intrude on their aquatic turf.
Maine lobstermen essentially operate an unspoken, decentralized cartel where they fiercely protect their fishing territories by cutting the trap lines of any…
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Pentagon auditors discovered in the late 1990s that they had accidentally paid nearly a million dollars to a defense contractor for a completely ordinary shipment of two small…
Pentagon auditors discovered in the late 1990s that they had accidentally paid nearly a million dollars to a defense contractor for a completely ordinary…
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Income distribution on adult subscription platforms like OnlyFans is actually more heavily skewed toward the top one percent of creators than the wealth inequality found in the broader global capitalist economy.
Income distribution on adult subscription platforms like OnlyFans is actually more heavily skewed toward the top one percent of creators than the wealth…
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Supply chain managers constantly battle a terrifying economic phenomenon known as the bullwhip effect, where a tiny change in consumer demand causes massive, chaotic fluctuations further up the production line.
Supply chain managers constantly battle a terrifying economic phenomenon known as the bullwhip effect, where a tiny change in consumer demand causes massive,…
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Maintainers of the National Debt Clock in New York City literally ran out of digital real estate when the United States government debt surpassed ten trillion dollars.
Maintainers of the National Debt Clock in New York City literally ran out of digital real estate when the United States government debt surpassed ten trillion…
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Global financial markets are currently propped up by thousands of publicly traded corporations known as zombie companies, which generate barely enough revenue to pay the interest on their massive debts.
Global financial markets are currently propped up by thousands of publicly traded corporations known as zombie companies, which generate barely enough revenue…
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First publicly traded company in recorded history was the Dutch East India Company, which officially established the Amsterdam stock exchange in sixteen oh two to crowdfund their incredibly risky global spice voyages.
First publicly traded company in recorded history was the Dutch East India Company, which officially established the Amsterdam stock exchange in sixteen oh…
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Norway manages the largest sovereign wealth fund on the planet, possessing well over one trillion dollars in international assets simply because they decided to aggressively…
Norway manages the largest sovereign wealth fund on the planet, possessing well over one trillion dollars in international assets simply because they decided…
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Squirrel skins were widely utilized as an official form of currency in medieval Russia and Finland, with the highly prized winter pelts serving as a reliable medium of exchange for everyday goods and services.
Squirrel skins were widely utilized as an official form of currency in medieval Russia and Finland, with the highly prized winter pelts serving as a reliable…
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Governments actively utilize Pigouvian taxes, commonly referred to as 'sin taxes', to artificially increase the retail cost of products deemed socially harmful, such as tobacco,…
Governments actively utilize Pigouvian taxes, commonly referred to as 'sin taxes', to artificially increase the retail cost of products deemed socially…
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Federal Reserve analysts frequently monitor the aggregate sales of corrugated cardboard boxes as a reliable leading indicator to predict upcoming shifts in gross domestic product and industrial manufacturing output.
Federal Reserve analysts frequently monitor the aggregate sales of corrugated cardboard boxes as a reliable leading indicator to predict upcoming shifts in…
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Hugo Lindgren documented the 'Hot Waitress Index' for New York Magazine in 2009, observing that the physical attractiveness of servers at everyday restaurants noticeably skyrockets during severe economic recessions.
Hugo Lindgren documented the 'Hot Waitress Index' for New York Magazine in 2009, observing that the physical attractiveness of servers at everyday restaurants…
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Japanese farmers engineered square watermelons by growing them in tempered glass boxes so they would stack perfectly in tiny urban refrigerators and be easier to transport across the country.
Japanese farmers engineered square watermelons by growing them in tempered glass boxes so they would stack perfectly in tiny urban refrigerators and be easier…
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Beverage corporations frequently source their expensive bottled water directly from the exact same municipal tap water supplies that you can easily access from your own kitchen sink for a fraction of a penny.
Beverage corporations frequently source their expensive bottled water directly from the exact same municipal tap water supplies that you can easily access…
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United Fruit Company successfully orchestrated the overthrow of the democratically elected government of Guatemala in 1954 with the backing of the CIA, simply because the…
United Fruit Company successfully orchestrated the overthrow of the democratically elected government of Guatemala in 1954 with the backing of the CIA, simply…
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Used car prices spiked so aggressively during the pandemic supply chain crisis that slightly driven, pre-owned vehicles were actually selling for thousands of dollars more than…
Used car prices spiked so aggressively during the pandemic supply chain crisis that slightly driven, pre-owned vehicles were actually selling for thousands of…
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Fast food restaurants across the country experienced a devastating, highly publicized shortage of single-use ketchup packets during the height of the 2020 global pandemic, completely upending the condiment economy.
Fast food restaurants across the country experienced a devastating, highly publicized shortage of single-use ketchup packets during the height of the 2020…
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