People With More Money Save More
On average, those with more money save more, in both the short-term and long-term, while those with less money spend more and extend themselves on credit.
Society and Social Sciences
Society and Social Sciences is a broad category referring to the relationships between networks and groups of people, and the study of this.
Velocity of Money Explained
Velocity of Money is a measure of money exchanged over time, typically how often and quickly the average dollar is exchanged per day.
The University of Al Quaraouiyine is the Oldest University
The University of Al Quaraouiyine in Fes, Morocco is the oldest, still operating, degree granting university in the world. It was founded in 859 by Fathima Al-Fihri (a Muslim woman).
Arete Explained
Areté roughly means “moral virtue”. It refers to an innate “excellence” or “essence” in all things, and the striving toward that potential or purpose.
The More You Do Something, the More You Value it
The more time and energy you put into something, the more you value it. This Escalation of Commitment phenomenon (or commitment bias) relates to a number of other decision making biases.
What is a Useful Idiot?
“Useful Idiot” is a political insult that describes a person who, through manipulation or not, is useful to a political cause that is not their own despite not fully realizing their role.
Being Gay Used to Be Illegal
“Being gay” (same-sex activity and partnership) used to be illegal in the U.S. and the U.K., and being gay is still illegal in many parts of the world. The details are complex.
In-groups and Out-groups Explained
An “in-group” is a group you are part of (genetically, culturally, or ideologically), while an “out-group” is a group you aren’t part of.
The Left-Right Political Spectrum Explained
The left-right political spectrum is used to create a model that shows a spectrum of political positions. Traditionally there is a 2-axis spectrum of left and right, but there are also many widely adopted 4-axis model.
Common Core Doesn’t Work
The Common Core works in theory, in that it should teach all kids key critical thinking skills, but the implementation has been under-supported leading to real issues.