Very long term federal debt that has no date for redemption like UK First World War bonds and U.S. Revolutionary War debt depend on good public credit.
During the 18th century, Sweden gave cash to its “spies” in England so they could buy copper and iron production secrets. Meanwhile, England issued a patent to a chemist who just returned from Russia with a new brewing method. Moving in the other…
In 1987, Italy decided to include its “off-the-books” economy in its GDP. The result was an 18% boost. Now, further complying with EU accounting regulations, Italy will add illegal drugs, prostitution and black market alcohol and prostitution. Announcing a similar policy,…
Sometimes one graph can tell a whole story: A 4-minute animation can also convey a much bigger story. Looking at the same time period as our graph, Hans Rosling connects national income and health. National income closely relates to GDP since people receive…
In Slovakia, Bulgaria, Greece, Malta and Italy, young people, age 25-34, live with their parents. But not in Denmark, Finland Sweden, and Norway. Below you can see the country stats: The Reasons Pew Research provided some insight about multigenerational U.S. households. In 2012, returning…
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