“The invisible hand” is a term used by Adam Smith to describe the theory that self-interest leads to social and economic benefits in a free-market.
A collection of explainers, references, opinions, and other supplementary material to help you better understand our collection of facts and myths.
The United States is a Federal Republic with democratic values that some claim contains a growing oligarchy (or corporatocracy). We look at those claims.
Special interests describe interests that are not purely public interests. Factions (special interest groups) are groups formed around shared interests (special interests).
Political Correctness (politically correct or PC), describes how much tolerance, sensitivity, censorship, and freedom of expression “is correct” in a given setting.
A simple explanation of American politics including an overview of US history, the political parties, and the political system.
We explain economic inequality from a historical perspective, and then consider the effects of wealth inequality and income inequality in America today.
There are two types of waves: mechanical waves like sound that must travel through a medium like air, and electromagnetic waves like light that don’t.
The major branches of philosophy can be denoted as: metaphysics (what is), epistemology (what we can know), logic and reason, ethics and morality, and aesthetics (beauty and art).
We present a discussion on “the meaning of life as happiness,”the Greatest Happiness Theory,” “the Good Life,”the Pursuit of Happiness,” and Virtue Theory.
Velocity of Money is a measure of money exchanged over time, typically how often and quickly the average dollar is exchanged per day.