GDP Explained: How We Measure the Size of an Entire Economy GDP is the number that governments, investors, and journalists watch more closely than almost any other. When you hear that an economy “grew 3%,” “fell into recession,” or is “the world’s largest,” GDP is the figure behind those words. Yet for such a famous … Read more
Inflation: Why Your Money Buys Less Than It Used To Inflation explained in one sentence: the same money buys less than it did before. That loaf of bread, that gallon of fuel, that monthly rent — if they all cost more today than they did a few years ago and your income has not risen … Read more
What Is an Economy? What is an economy? It is a question most people never actually stop to answer, even though the word shows up in the news every single day. Economies grow, shrink, overheat, slow down, crash, and recover — but what exactly is the thing doing all of that? This is the first … Read more