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.
Economics is the social science that studies the production, distribution, trade, and consumption of goods and services. Economics uses a mix of psychology, mathematics, experiment, and analysis to predict and understand economies.
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.
The Athenian Constitution tells the story of how Solon liberated the people by cancelling all debts, public and private. This was called the Seisachtheia [the removal of burdens or relief of burdens]. It is an example of what we might today call “a great reset.”
Some claim we are in the middle of an “everything bubble” (an economic bubble, not of an asset, but of everything). We examine this claim and offer opinions.
Nathan Mayer Rothschild, likely didn’t say the “blood on the streets” quote, and further the story of him making a fortune at Waterloo likely isn’t true.
A bear market is when prices on a market are moving down or expected to move down, a bull market is when they are going up or expected to go up.
Neoliberalism is an economically-minded evolution of classical liberalism focused on deregulation, trade, and the private market. It is a “middle way” or “third way” between liberalism and conservatism.
Labor and capital are economic terms that describe 1. workers and their labor power and, 2. capitalists and their material and financial capital.