Each country in the world is known for something that it excels in or holds a leadership position. For example, Thailand is best known for rice and Chile is synonymous with Copper as it is the top producer and exporter in the world. I came across the following infographic showing each country and what it is best known for. Apparently the US is the number one is Spam Emails.

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Source: Information is Beautiful

US universities are home to the largest percentage of economic Nobel Laureates. 50% of all economic Nobel prize winners came from just 6 universities. No wonder many of these top economists are affected by group-think.

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Source: via Twitter

The chart below shows the price changes of select consumer goods and services in the past 20 years.

In the US, all the basic needs for a human being have become costly in the past 20 years. These include items like hospital services, education, child care, college textbooks, housing, etc. On the other hand, all the wants items have become cheaper. These include TVs, cars, wireless phones, household furnishings, etc. This is a paradox of the current economic system that few economists and regulators would analyze.

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Source: via Twitter