Two Types of Inflation People typically just use the word inflation by itself, but there are actually 2 main types and it’s essential to be specific. The 2 types are: The money supply (monetary inflation) has exploded recently but prices (price inflation) have been relatively stable. Inflation is a Hidden…
Military
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Military-Industrial Complex Funnels Wealth to 4 Counties
The richest 4 US counties per capita are all located in Virginia and Maryland thanks to the massive wealth funnel that is the Military-Industrial Complex.
Economics
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Top 1% Received all of the $4 Trillion Printed in 2020
The $4 trillion created by the Federal Reserve as part of the 2020 stimulus program appears to have gone entirely to the top 1% wealthiest people in the world.
Psychology
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Subconscious Processes 27,500 Times More Data than the Conscious Mind
The brain takes in 11 million bits of data per second but the conscious mind can only process around 400 of those bits.
Democracy
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The Majority of Americans Didn’t Support the American Revolution
Around 20% opposed the US Revolution for democracy, about 40% supported it, and about 40% didn’t give a damn.
Democracy
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Democracy Gonna Make You Rich, Bitch!
A country that switches from non-democracy to democracy achieves about 20% higher GDP per capita over the next 30 years.
Politics
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Most Voters Believe Their Own Party Will Win
A 2008 and 2016 poll of voters showed wishful thinking bias led a majority of people to believe their favored candidate was going to win.
Economics
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How much does it cost to develop a drug?
The average cost of getting a new drug to market is $1.3 billion.
Economics
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When the government prints new money, who gets it?
The primary recipients of newly created money are currently banks and corporations who are able to borrow from the Fed almost 0% interest and loan this to the public at much higher interest rates.
Economics
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A World Run By Economists
If only economists could run for office, the the compound interest on more efficient resource allocation, would have produced a utopia with flying cars by now.