Money is any item or record accepted as payment for goods, services, or debt. This includes physical fiat currency, digital currency, and mediums of exchange.


Factoids tagged with "Money"

The Estate Tax Is Fair Fact

The federal estate tax on property (cash, real estate, stock, or other assets) transferred from deceased persons to their heirs is a fair tax that helps prevent a wealth gap over time.

About Half of Americans Own Stocks Fact

According to a 2016 Gallup poll about half of Americans own stocks and about half don’t. This is down since 2007 when around 65% of Americans owned stocks.

Nonprofits Can’t Make a Profit Myth

It is a myth that nonprofits don’t or can’t make a profit. Not-for-profit businesses can make a profit, they just can’t distribute their profits to individuals beyond paying reasonable compensation.

There is a Gender Pay Gap Fact

The gender pay gap is real. Even after all reasonable differences are factored out, an explained pay gap between men and women exists across the board.

Sparta Was a Socialist State Fact

Sparta can be described as a constitutional nationalist socialist state with an oligarchical republican government where societal roles were based on hereditary class.

Stability Breeds Instability Fact

Stability isn’t necessarily destabilizing, but as Hyman Minsky’s Financial Instability Hypothesis eludes: longterm stability breeds instability and diminishes resilience in economic markets, mainly due to psychological factors.

Communism and Fascism are Different Fact

Communism and Fascism are very similar in effect, but very different in key ideological aspects. Both are a type of socialism, but one is exclusive and one inclusive.

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).

People With More Money Save More Fact

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.

Blog Posts tagged with "Money"

Re-Defining Social Capitalism

Social Capitalism can be defined as a socially minded form of capitalism, where the goal is doing social good, rather than just the accumulation of 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).

The Birth of Modern Banking

Modern banking originated in Italy around 1150 as Jews fleeing persecution brought new practices, including “discounting”, to the merchant banks of the Italian piazzas.

The 2007 – 2009 Financial Crisis Explained

We explain the Financial Crisis / Great Recession of 2007 – 2009 that began with the 2006 housing bubble, led to a recession in the U.S. by December 2007, and became a global crisis by 2009.

The Paradox Principle

In practice, human action often has paradoxical or unintended effects. Sometimes effects or side effects even have the exact opposite effect as intended.

The Historical Effects of Wealth Inequality

We examine political and economic inequality in terms of their effects on society, such as the social unrest that led to historic revolutions like those of Athens, Rome, France, and even America.

The Caste System Explained

India’s caste system is a class system based on birth. These classes, or “Varnas”, are: Brahmins (priests), Kshatriyas (ruling and military), Vaishyas (merchants and farmers), Shudras (peasants), Dalits (untouchables).

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).

What is “the Invisible Hand”?

“The invisible hand” is a term used by Adam Smith to describe the theory that self-interest leads to social and economic benefits in a free-market.

Is America an Oligarchy?

The United States of America is a Federal Republic that some say contains a growing corporatocracy (a type of oligarchy) as a subsystem.

Wealth and Income Inequality

We explain economic inequality from a historical perspective, and then consider the effects of wealth inequality and income inequality in America today.

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.