Economics and Government

Self-made vs Inherited wealth

The meaning of "self-made" in China and Russia as well as most other countries is not quite what one would think. Most of them earn their wealth via the government. That can be the case in western countries, too, but quite often, self-made billionaires really did create wealth...See more

New lesson for students of marketing

... still the same as the old lesson: attract your clients by giving them what they want to see, don't try to manipulate them with garbage they hate!

Hyper inflation in Germany in 1923: Money had become so worthless that it was used as wall paper https://rarehistoricalphotos.com/banknotes-german-hyperinflation-1923/ Keynes: "Printing money can turn stones into bread" (not kidding, he said that) Average 5 year old or 40...See more

Why are the US so different now from what they were in 1990?

It's a total mystery... 🤔 Apparently, Alaska is the only one that improved. It went from "Public administration" to "Healthcare", which is marginally better... Full thread debating the challenges to the US economy: https://x.com/envelopepusher0/status/1947669439182184786

Capitalism defined, short version