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.
Economy refers to the production, distribution, trade, and consumption of goods and services.
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.
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.
Labor and capital are economic terms that describe 1. workers and their labor power and, 2. capitalists and their material and financial capital.
The estate tax (“death tax”) is one of the taxes preventing an unsustainable wealth gap; eliminating the estate tax would increase the wealth gap.
Below we present an annotated version of Andrew Carnegie’s 1889 essay Wealth (better known as the Gospel of Wealth).
Generally speaking, a modest increase to the minimum wage will increase household spending and thus stimulate the economy. However, this can be offset by job loss or hour reduction, inflation, and other factors.
According to 2016 data, slot machines account for more revenue than all other casino games combined, and penny slots account for more revenue than any other casino game.