A country that switches from non-democracy to democracy achieves about 20% higher GDP per capita over the next 30 years.
Categories
Democracy Gonna Make You Rich, Bitch!
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.
The average cost of getting a new drug to market is $1.3 billion.
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.
Categories
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.
The increase in depression is most correlated with the increase in inflammatory autoimmune diseases and with significant changes in the western diet.
This chart shows when the cost of the average stock (the S&P 500) exceeds its underlying value (corporate profits after taxes).
Categories
Long-Term Trends in Human Well-Being
For millennia, everything sucked. Then something magical happened!
100 million trees and $178 billion worth of time could be saved every year by not subsidizing junk mail.
A 10 kiloton nuclear weapon can kill 1.32 million people. The 15,000 nuclear weapons globally could cause 19,500 megadeaths.