A market is a place, real or virtual, where buyers and sellers interact to exchange capital and assets.

Factoids tagged with "Markets"

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).

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).

Blog Posts tagged with "Markets"

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).

Understanding Cronyism and Monopolies

We explain two types of special interests: cronyism (politicians working with corporate interests) and monopolies (the consolidating of corporate power in a given industry to a single entity).

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.