Baron Rothschild Made a Fortune on Waterloo and Said “the Blood on the Streets” Quote Myth
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.
Markets
A market is a place, real or virtual, where buyers and sellers interact to exchange capital and assets.
Factoids tagged with "Markets"
The Long Term Capital Gains Tax is Lower Than the Short Term Capital Gains Tax Fact
The long term capital gains tax is lower than other federal income taxes, including the capital gains tax and the income tax.
People Tend to Act Out of Perceived Self Interest Fact
It isn’t true that everyone acts out of self interest, but generally people tend to act in accord with their perceived self interest and “moral sentiments.”
Life is all About “Trade-offs” Fact
Life is all about “trade-offs,” and almost everything in life is a trade-off. If one thing increases, another must decrease.
About Half of American Families Pay Little to No Income Tax Fact
About half of American families pay little to no federal income tax after tax credits and deductions. Payroll taxes, excise taxes, and sales taxes hit the average American family the hardest.
All Action is Human Action Fact
As Mises said, “all action is human action”. In other words, although we form groups that can indirectly act through consensus, groups themselves aren’t physical entities (and thus they can’t act directly).
The Word “Bank” Comes From the Italian Word For Bench Fact
The word bank is commonly thought to come from the Italian word for Bench “banco”, as the first banks were benches in Italian trading centers.
The First Public Stocks Were Issued to Reduce Risks Related to Pirates Fact
The rise of piracy and the birth of the public stock market roughly intersect, this is because the first public stocks were essentially a type of insurance against pirates.
The Dutch East India Company Was the First Publicly Traded Company Fact
In 1602, the Dutch East India Company (VOC) became the first publicly traded company when it sold shares on its own Amsterdam Stock Exchange (the first stock market).
There are Different Types of Value and Capital Fact
There are different types of capital, value, commodities, and markets including natural, human, social, manufactured, and financial.
The Issue is Always the Government or the Market Fact
For a given market, the choice always boils down to state intervention vs. the free-market, there is no third option (unless you count mixed-markets).
Alexander Hamilton Founded the Federalist Party Fact
Alexander Hamilton founded the Federalist Party, the world’s first voter-based political party, which helped shape America’s economic policy and power structure.
Sir Isaac Newton Was an Economist Fact
Sir Isaac Newton is best known for his laws of motion and gravity, but he was also an economist of sorts serving as Britain’s Warden/Master of the Mint (from 1696 until his death in 1727).
America Has a Capitalist Economic System Fact
America’s economic system meets the definition of capitalism, but not pure free market capitalism. America has a mixed-market economy.
Adam Smith is the Father of Modern Economics Fact
Adam Smith can be considered the father of modern economics due to his influential works which explore the mechanics of morality, markets, and capitalism in an industrialized society.
Single Payer Means Government Run HealthCare Myth
Single payer isn’t “government run healthcare,” single payer only describes funding, not who manages the fund or how healthcare is delivered.
Blog Posts tagged with "Markets"
How Isaac Newton Actually Lost His Money in the South Sea Bubble
Isaac Newton didn’t just buy the top in the South Sea bubble. He bought early, sold for a modest profit, then bought back in near the top after seeing others get rich, only to sell near the bottom for a loss of £20,000 (roughly £1.2 mil in 2021 adjusted for inflation).
Why Oil Prices Went Negative
Oil prices went negative on April 20th, 2020. This essentially translated to oil producers paying buyers to take oil. This was the result of a lack of demand for oil causing a lack of storage / a fear of a lack of storage.
How to Trade Cryptocurrency
To trade or invest in cryptocurrency you’ll need a cryptocurrency wallet and an exchange to trade on. Luckily, some platforms like Coinbase provide both services in one place.
Is Bitcoin in a Bubble?
Bitcoin and other cryptocurrencies look like they are in a bubble here in 2017, in terms of historic bubbles, but no one can predict the future.
Neoliberalism Explained
Neoliberalism is an economically-minded evolution of classical liberalism focused on deregulation, trade, and the private market. It is a “middle way” or “third way” between liberalism and conservatism.
Understanding Labor and Capital
Labor and capital are economic terms that describe 1. workers and their labor power and, 2. capitalists and their material and financial capital.
The Progressive Federal Income Tax System Explained
In America we have a Progressive Federal Income Tax system broken down into “tax brackets”. Tax Filers pay the “marginal tax rate” on each dollar of income in a given bracket (after most deductions, but before tax credits).
Neoliberal Globalization and Nativist Protectionism Explained
We explain neoliberalism, globalization, nativism, and protectionism and the pros and cons of “neoliberal globalization” and “nativist protectionism.”
How Currency Gets into Circulation and What Happens to it
Below we explain how currency gets into circulation via the Treasury, Federal Reserve, and banks, and the role Congress, banks, businesses, and you play in the process.
Understanding Cronyism and Monopolies
We explain two types of special interests: cronyism (politicians working with corporate interests) and monopolies / oligopolies (the consolidating of corporate power in a given industry to one or few entities).
Populism, Globalization, Nativism, Nationalism, and Other Such Terms
We explain populism, globalization, nativism, nationalism, neoliberalism, modernization, and other terms important for understanding modern world politics.
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.
Book Reviews tagged with "Markets"
Trend Following By Michael Covel
Trend Following by Michael Covel is one of the best books on trend trading out there. The main point of the book is the idea that price in motion tends to stay in motion.
Friedrich A. Hayek’s The Road to Serfdom Explained
Friedrich A. Hayek’s The Road to Serfdom essentially explains itself (or at least the cartoon that comes with it does). We explain it anyway.
Andrew Carnegie’s Gospel of Wealth Explained and Annotated
Below we present an annotated version of Andrew Carnegie’s 1889 essay Wealth (better known as the Gospel of Wealth).