Economy refers to the production, distribution, trade, and consumption of goods and services.


How Isaac Newton Actually Lost His Money in the South Sea Bubble

Isaac Newton didn’t just buy the top in the South Sea bubble. He bought early, sold for a modest profit, then bought back in near the top after seeing others get rich, only to sell near the bottom for a loss of £20,000 (roughly £1.2 mil in 2021 adjusted for inflation).

Why Oil Prices Went Negative

Oil prices went negative on April 20th, 2020. This essentially translated to oil producers paying buyers to take oil. This was the result of a lack of demand for oil causing a lack of storage / a fear of a lack of storage.

How to Trade Cryptocurrency

To trade or invest in cryptocurrency you’ll need a cryptocurrency wallet and an exchange to trade on. Luckily, some platforms like Coinbase provide both services in one place.

Capitalism Works Because Capital is a Built in Incentive

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.

Understanding Labor and Capital

Labor and capital are economic terms that describe 1. workers and their labor power and, 2. capitalists and their material and financial capital.