There are a lot of things that we take for granted in our day to day lives, and one of the big ones is how we spend a good portion of our waking hours. 

Based on sophisticated youtube analytics we can determine that a majority of people watching this video are full-time employees working 40 hour weeks at their jobs 

So is 40 hours really the optimal work week, and are their alternatives that are based more on economics rather than tradition?

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The wealthiest generation in history is starting to retire, and die. In doing so they will be responsible for the greatest wealth transfer in history, as they pass along a collective 30 trillion dollars to their beneficiaries over the next few decades, just in the United States alone.   

That kind of capital movement is going to have some extremely significant impacts on the economy some of which we are already starting to feel.

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On the 30th of July 2020, the U.S. Bureau of Economic Analysis released its 2nd quarter Gross Domestic Product report. The report noted a 32.9% contraction in annual GDP growth in the months of April, May, and June.  

For reference, the 2008 subprime mortgage crisis of 2008 saw an 8% drop in annualized GDP figures at its peak.

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Ancient Egypt was amongst the first major human civilizations in existence.  Outside of being genuinely fascinating the economy of ancient Egypt is enlightening to really pull apart because it represents an economy in it’s most basic form.  

Targeted inflation, debt cycles, derivatives contracts, and even the financial sector are all crucial components of our modern and hyper-advanced economies. Egypt, had none of these...

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The big short was a fantastic movie, for finance nerds and regular viewers alike. One of the lines that stood out the most, amongst many memorable lines, was the claim that for every 1% increase in unemployment 40,000 people die.  

This is an incredibly significant claim, that adds even more weight to the already significant societal issues that come along with people out of the job.  So is this claim actually true?

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Black Market Economics - What Drives the Underground Economy?

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This is Vatican city. The smallest widely recognized sovereign state in the world. 

This tiny nation exists entirely within these walls, but its influence is felt the world over.

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There are all manner of factors that make poor countries poor and rich countries rich. Many of these factors we have explored in depth when we have looked at economies like the democratic republic of the Congo all the way up to places like Switzerland and Norway.  Political Stability, industry, natural resource wealth are all incredibly important variables but there is something extra here that just doesn’t seem to make sense.

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The wealthiest among us today live a life unparalleled by any other human throughout history. The greatest Kings and emperors could only dream of the life afforded to today’s billionaires. It doesn’t end there, even mere multi-millionaires are living through a time where they have access to limitless information, unhindered mobility, and personal comforts. But this is all taking place at a time where a swelling population of people is struggling to make ends meet.

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The justification was that this was necessary to restore balance to a universe that was overpopulated and putting too much of a drain on resources.  Now instantly hazing half of the universe, is a bit extreme, but…  When the same world can’t go a week without some news article telling us that global climate catastrophe is inevitable, natural resources are running dry, or that if everybody lived like the average American we would need 4 Earths to sustain them it starts to sound like we should hear this Thanos guy out.

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