Latest
Understanding the Circular Flow Model: A Comprehensive Guide to What It Is and How It Works
If you're looking to learn more about the economy, keep reading for a comprehensive guide to the circular flow model.
Our 'Rolling Recession' Is the Latest Economic Meme — But What Does It Actually Mean?
We may not be in for a "hard" or "soft" landing.
What Causes Inflation? Everything You Need To Know.
Noticing higher prices? Here's everything you need to know about inflation, including what causes it and where it can hit the hardest.
Why Is Inflation So High Right Now?
You might've noticed high prices everywhere last year, and it's not your imagination. U.S. inflation is at an all-time high. Read on to learn more.
"There's Often No Right Answer": A Famous Economist Explains the Smartest Way to Tackle Life's "Wild Problems"
Russ Roberts knows that some of life's most important questions can't be quantified. But he has some ideas on how to try.
Entrepreneurial Journey of Adwaita Nayar
Mentorship can create strong careers and strong personalities. My mom has been my biggest mentor. She is my boss, mom, and also my best friend: Adwaita Nayar
This Is the One Economic Indicator That We Should Completely Ignore
What good is a super-sized economy if our society is not made better off? We should focus on measures of well-being, not overstuffed shopping carts.
Why Every Entrepreneur Should Study the Austrian School of Economics
Modern economics is a theory of the economy that leaves no place for the entrepreneur. So where should entrepreneurs turn to improve their understanding? The Austrian school of economics might be the answer.
There are No Shortcuts to Strengthening the Economy. It's a Long Game.
Boosting the economy by lowering tax is like a magic weight loss pill. It might work in the short-term, but it's a terrible long-term strategy.
An Ant Colony Is the Perfect Metaphor for the Economy. Here's What Else You Need to Know.
New ways of thinking about the economy can help us understand how it evolves -- and how public policy can influence it.
Dairy Farmers to Be Compensated for Losses From Pandemic-Related Price Volatility
Under the USDA's new Pandemic Market Volatility Assistance Program, qualified dairy farmers will be reimbursed for 80 percent of the revenue difference per month based on an annual production of up to 5 million pounds of milk marketed and on fluid milk sales from July through December 2020.
Inflation Growth Slows in July, Still a Concern as It Broadens and Stays Historically High
The Labor Department stated in a report on Aug. 11 that the consumer price index (CPI) jumped 0.5 percent in July from June, which is less than the previous monthly increase of 0.9 percent.
Key Inflation Gauge Posts Fastest Annual Price Gain In 30 Years
Some economists have expressed concerns that if prices accelerate too fast and stay high for too long, expectations of further price increases will take hold, driving up demand for wages and potentially triggering the kind of wage-price spiral that plagued the economy in the 1970s.
Inflation and Higher Wages: A Look at the Effect of Extra Income
Though every inflationary period tends to be unique, it can be valuable to compare your current paycheck with rising inflation rates.
How to Use Economic Regret Theory to Achieve Happiness
It's all about attaining a net gain in our life's portfolio.