The Money Farm Team

What Does It Mean When The Country Is In Recession?

A recession is a prolonged period of low economic activity that might last months or even years. When a country’s economy faces negative gross domestic product (GDP), growing unemployment, dropping retail sales, and contracting income and manufacturing metrics for a protracted period of time, experts call it a recession. Recessions are an inescapable element of

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What Affects Inflation?

Inflation has two basic causes: demand-pull and cost-push. Both cause a general increase in prices in an economy, although they operate in distinct ways. Demand-pull situations arise when consumer demand pushes prices up, whereas cost-push conditions occur when supply costs drive prices up. What influences inflation? Demand-pull When the demand for particular goods and services

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Who Beat Inflation?

I RECENTLY MENTIONED that I had the opportunity to listen to Paul Volcker speak about financial reform. Mr Volcker has had a successful career in public service, but he is arguably best remembered for his tenure as Fed chairman, during which he notoriously stifled inflation, plunging the United States into the worst postwar recession. In

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