I learned this today. The UK finished paying its World War 2 debt on 29th December 2006 and its World War 1 debt on 9 March 2015. Fighting World War 1 and World War 2 cost the UK a lot more than they could have imagined. Even though they had an empire, they didn’t have […]
#169 When did the UK finish paying its World War 1 and 2 debts? Read More »
I learned this today. A society without money is not only possible, it is probably the best way that society will survive the rise of automation and AI. Money has been with us for about 5,000 years and our entire society is based on money. The majority of our time is spent trying to earn
#117 Could a society without money work? Read More »
I learned this today. The Malthusian theory of population doesn’t apply today because we can basically produce more food than was previously possible. Thomas Malthus lived from 1766 to 1834 and he was an English cleric, scholar, and economist. Malthus did a lot of work, but he is primarily remembered for the theory on population
#110 Why doesn’t the Malthusian theory of population apply today? Read More »
I learned this today. Wire fraud and mail fraud are federal crimes in the United States that concern transferring something connected to fraud by mail, email, phone, radio, or television. To be guilty of wire fraud, somebody must have “voluntarily and intentionally devised or participated in a scheme to defraud another out of money” and
#97 What are mail fraud and wire fraud? Read More »
The first ever money was the Mesopotamian shekel, used about 5,000 years ago. Before we had money, people used the bartering system. Bartering probably started when hunter-gatherers began to form larger groups. When hunter-gatherers were in small groups, they could service all of their own needs. They only needed food, clothing, and shelter. Once the
#85 When did people start using money? Read More »
