In my opinion capitalism works because it is based around the built in incentive of capital. In capitalism, capital itself is an ever-present motivator. Producing capital is rewarded with capital, which inspires more capital to be produced. This is a feedback loop that drives the production of capital and the accumulation of excess capital.
A collection of explainers, references, opinions, and other supplementary material to help you better understand our collection of facts and myths.
A favorite political term used by the political right to insult the left is “commie,” “communist,” or “socialist.” We look at why right-wingers call left-wingers “commies” and other such terms.
Anyone keeping money in a savings account should consider putting that money in a money market mutual fund, short term bond fund term, or other fund designed to be liquid and price stable.
In the US, a Government Shutdown is when funding isn’t secured to keep parts of the government running.
Did “nothing” in particular just pop the “everything bubble?” I explore that idea and explain what I mean by it.
The Federal Reserve (Fed) has the power to adjust the interest rates that banks charge each other. This impacts rates charged to consumers and businesses. The Fed adjusts rates as a tool to ensure economic stability in the US.
As an independent fact-checking site we fact-check a range of touchy subjects… and sometimes people get upset with us for not validating their conspiracy theories.
Obamacare is a nickname for the Patient Protection and Affordable Care Act (ACA or PPACA). Before the ACA premium costs and uninsured rates were rising and people could be denied coverage based on a preexisting condition and be charged more based on gender. Today, under the ACA, more people are covered and more people have access to affordable quality health care.
There are a number of traps created from both taxation and assistance that inhibit class mobility. We might generally call these welfare traps, tax traps, and debt traps.
Deductive, inductive, and abductive reasoning are three basic reasoning types. In simple terms, deductive reasoning deals with certainty, inductive reasoning with probability, and abductive reasoning with guesswork.