Tag Archives: economics

In 1835, President Andrew Jackson managed to completely pay off the national debt of the United…

In 1835, President Andrew Jackson managed to completely pay off the national debt of the United…Source

Urban Boom and Housing Crunch: The Dramatic Rise of U.S. City Home Prices

Between 1980 and 2020, the population of urban areas in the United States saw a surge of nearly 50%. Concurrently, most of these urban regions implemented strict regulations on the construction of new, denser housing. As a result of this combination – the escalating demand due to population growth and the tight controls on supply… Read More »

Marie Antoinette, Queen of France…

Marie Antoinette, Queen of France, was accused of single-handedly ruining France’s finances. Official estimates claim court expenses alone were 7% of France’s total budget but the real figure was a lot higher. She was given the name “Madame Déficit” during the French Revolution. The post Marie Antoinette, Queen of France… appeared first on Crazy Facts.… Read More »

Upon finding out he won the Nobel…

Upon finding out he won the Nobel Prize for Economics for his work on irrational decision-making, American economist Richard Thaler said he would spend the prize money as “irrationally as possible.” The post Upon finding out he won the Nobel… appeared first on Crazy Facts. Source