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Economics
This is a subset of
my collection of passages and charts
found in books and articles I read on a daily basis.
This subset is focused on the
Economics
topic.
Average Hourly Salaries Across Europe (2014)
chart
Asset Class Total Returns Since 2011
chart
Annual Change in World Population
chart
Distribution of World's GDP from 1970 to 2020
chart
It's the Fed that had the power to print money, not the US government
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Fiat money —mere pieces of paper, intrinsically worthless, that were treated as money only because the US insisted that they should be
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The history of paper money in Europe starts with the Venetian government levying a compulsory loan to pay for war
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While debt among each other was normal for English villagers, it was associated with criminality in government and commerce circles
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Middle Ages Scholastics, like Aristotle, viewed money as a mere social convention
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How and why China moved from bullions and cash to paper money
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Everything