The Dunning–Kruger effect is when people over-estimate their competence in something due to a lack of experience in that thing.
Social science is the study of relationships within a society including economics, political science, and more. Many social sciences like philosophy are also considered humanities (the study of culture).
Options contracts represent the right to buy or sell an underlying asset, before an expiration date, once certain price conditions are met.
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.
A favorite political term used by the political right to insult the left is “commie,” “communist,” or “socialist.” We look at why right-wingers call left-wingers “commies” and other such terms.
In the US, a Government Shutdown is when funding isn’t secured to keep parts of the government running.
There is already a “wall” between the U.S. and Mexico. The Mexico-United States Barrier is a series of walls and fences that covers over 1/3rd of the U.S. / Mexico border.
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.
Most people know to vote for President every four years in the US. However, there is a lot more to vote on than that each year. In every state there are federal elections every two years. In some states there are also local off-year elections. Plus there are primaries before the actual elections that decide who gets on the ballot. Plus there are special elections sometimes when there are vacant seats!