The US gets only 8% of its oil from the Middle East (consume about 2/5s from our own production) The US imports only 2% of its steel from China. (consume 2/3rds from our own production) China only has a .7% trade "surplus" overall The EU has the world's highest trade surplus, and 8.4% unemployment Imports… Continue reading Fun Trade Facts
Of Money
It is often said that money is the root of all evil. Let us then try to imagine a world where it doesn't exist. Right now, every day, you interact with millions upon millions of people who are just as unaware of you as you are of them. The simplest product you could possibly… Continue reading Of Money
Homo Economicish
Homo Economicus- noun ECONOMICS another term for economic man. "using rational assessments, Homo economicus attempts to maximize utility as a consumer and economic profit as a producer" Homo Economicish- noun ECONOMICS... mostly a term for economic man with a lot of bleeding in from real world complication. "using tools forged from evolution that generally sought optimality for… Continue reading Homo Economicish
Homo Economicish 