The Dunning–Kruger effect is when people over-estimate their competence in something due to a lack of experience in that thing.
Society and Social Sciences is a broad category referring to the relationships between networks and groups of people, and the study of this.
It is common to confuse we’re, were, and where. We’re is a contraction of “we are,” where references location, and were is the plural past tense of “are.” Used in a sentence, it works like this, “we’re where we were.”
Options contracts represent the right to buy or sell an underlying asset, before an expiration date, once certain price conditions are met.
Karl Marx’s “Das Kapital” or just “Capital” explains the nature of capitalism. From the purposes of commodities and money, to how they function in society as capital, to how this relates to wage labor, “Capital” is a detailed work on the philosophy, history, and mechanics of economics.
Below is the Federalist #10, written by James Madison, and reprinted in full. We explain, annotate, and offer context on the Federalist #10.
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.
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.
In the US, a Government Shutdown is when funding isn’t secured to keep parts of the government running.