Everything has gone up in price.” While prices are rising worldwide, price increases are particularly damaging to lower-income families who already have tight finances. Almost all of their spending goes toward necessities like food, energy, and housing, all of which have witnessed significant rises over the previous year. Does inflation have a greater impact on […]
How Inflation Hurts The Poor? Read More »
To listen to the podcast, press play on the player above and follow along with the transcript below. In its current form, this transcript was created automatically and then edited for clarity. Between the audio and the text, there may be some discrepancies. Republican attempts to invalidate state-ordered congressional districting schemes in North Carolina and
Is There Going To Be Another Recession Soon? Read More »
The United States’ annual inflation rate has risen from 3.2 percent in 2011 to 4.7 percent in 2021. This suggests that the dollar’s purchasing power has deteriorated in recent years. What is the rate of inflation in Canada? Consumer prices in Canada rose 5.7 percent year over year in February, up from 5.1 percent in
How Much Is Inflation? Read More »
In the summer of 1929, the Great Depression began in the United States as a normal recession. However, the downturn became significantly worse in late 1929 and lasted until early 1933. Real output and prices both plummeted. Industrial production in the United States plunged 47 percent between the peak and the trough of the downturn,
Is The Great Depression A Recession? Read More »
Core inflation refers to the change in the cost of goods and services excluding the food and energy sectors. These items are not included in our estimate of inflation since their prices are significantly more unpredictable. The consumer price index (CPI), which is a measure of prices for goods and services, is most commonly used
What Does Core Inflation Measure? Read More »
The adjective “transitory” has a good possibility of becoming one of the words of the year in 2021. At least, that’s the consensus among central bankers and analysts. While Federal Reserve Chair Jerome Powell recently revised his view that the current US inflation rate of 6.8% is a “transitory” phenomenon, fueling speculation about an impending
Is Inflation Really Transitory? Read More »
Y = C + I + G + X + Z Net Income (Z) (Net income inflow from abroad minus net income outflow to foreign countries) The production of physical commodities such as automobiles, agricultural products, machinery, and other machinery, as well as the provision of services such as healthcare, business consulting, and education, are
Why Is GNP Better Than GDP? Read More »
Stagflation is defined as a period of poor economic development and relatively high unemploymentor economic stagnationalong with rising prices (i.e. inflation). Stagflation is described as a period of high inflation that coincides with a drop in the gross domestic product (GDP). What are the components of stagflation? Stagflation is a term that combines the terms
What Is The Combination Of Slow Growth And Inflation? Read More »
According to the Bureau of Economic Analysis’ “third” estimate, real gross domestic product (GDP) increased at an annual rate of 2.2 percent in the fourth quarter of 2018 (table 1). Real GDP climbed by 3.4 percent in the third quarter. The most recent GDP estimate is based on more extensive source data than the “initial”
What Is The GDP In 2018? Read More »
How Companies Charge More Without Raising Prices (Hidden Inflation). Companies are figuring out how to charge customers more without raising retail prices. Gabriel T. Rubin, a reporter for the Wall Street Journal, joins host J.R. Whalen to talk about how extra fees and surcharges add up to “hidden inflation.” What is deflationary repression? Repressed inflation
What Is Hidden Inflation? Read More »
