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


Stability Breeds Instability Fact

Stability isn’t necessarily destabilizing, but as Hyman Minsky’s Financial Instability Hypothesis eludes: longterm stability breeds instability and diminishes resilience in economic markets, mainly due to psychological factors.

The Birth of Modern Banking

Modern banking originated in Italy around 1150 as Jews fleeing persecution brought new practices, including “discounting”, to the merchant banks of the Italian piazzas.

The 2007 – 2009 Financial Crisis Explained

We explain the Financial Crisis / Great Recession of 2007 – 2009 that began with the 2006 housing bubble, led to a recession in the U.S. by December 2007, and became a global crisis by 2009.

Politics Can be a Science Fact

Politics can be treated as a science (political science), but it must always seek data that can be confirmed by our senses (empirical evidence).

The Historical Effects of Wealth Inequality

We examine the historical effects of social, political, and economic inequality on society to see how it has led to social unrest and events like revolutions and populist uprisings.