Tag: economics

How Much Money is There on Earth?

Hey, Vsauce. Michael here. On Earth the average piece of currency changes hands about 55 times a year. That’s about once a week. With that kind of turnover, it’s safe to say that statistically in the United States out of every 100 pieces of currency one was most likely touched in the last year by…

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How I learned to read — and trade stocks — in prison | Curtis “Wall Street” Carroll

I was 14 years old inside of a bowling alley, burglarizing an arcade game, and upon exiting the building a security guard grabbed my arm, so I ran. I ran down the street, and I jumped on top of a fence. And when I got to the top, the weight of 3,000 quarters in my…

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What is money? A new Theory.

hi I’m Sean workington and this is my theory of money. Money – the tokens that we hold – the coins – the bills – the little numbers that are in our bank account. those are actually part of a bigger system. an information system in fact a distributed database in which each one of…

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Richard Wolff on Conservative Response to Warren’s Wealth Tax

I’m gonna focus on Elizabeth Warren’s [wealth tax] plan because it is the most clearly and worked out and detailed plan. Here’s her plan. She would require an annual 2% tax (2%) on all portfolios or all net worth individuals who have (get ready now) more than $50 million dollars. So a lot of you…

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How Somalia’s Pirates Make Money

This video is sponsored by Skillshare. The first 500 people to use the link in the description get their first two months free. This is the TI Europe, one of the four largest ships in the world. And here’s a banana for scale. At 380 meters long, or twelve hundred feet, it’s 41% longer than…

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The Property Tax Scandal in The US

One of the kinds of taxes in America that really represents a scandal long overdue to be part of the national agenda for change, is the property tax. Here in the United States we use a whole bevy of different taxes to pay for what our Federal, State and local governments do for us. Today…

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Never Bet Against The Dutch East India Company | Planet Money | NPR

Four hundred years ago, Isaac Le Maire bet that the price of a stock would go down. Today this happens all the time. You’ve probably heard of it — it’s called short selling. But 400 years ago the stock market consisted of one stock, and the price of that stock almost always went up. This…

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How Airports Make Money

This video was made possible by Squarespace. After this, watch the video I made for their channel. More about it after the video. Airports are incredibly complex and challenging businesses but, in many cases, they’re businesses that make money. Many airports are owned by governments but still then, they’re often operated as businesses—just businesses that…

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The Third Industrial Revolution: A Radical New Sharing Economy

“The value of information does not survive the moment in which it was new. It lives only at that moment; it has to surrender to it completely and explain itself to it without losing any time.” “A story is different. It does not expend itself. It preserves and concentrates its strength and is capable of…

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Racial Inequality in the Criminal Justice System

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