What is Inflation and How is It Measured?

Every time I talk about economics – at a bar, among friends, wherever – most people seem to only have the vaguest idea of what inflation is, but worse, more often than not they have no idea… Continue reading

Economic Recovery Speculation

Yesterday was a major turning point in the economy, at least from the perspective of the Federal Reserve; in a 9-1 vote the Fed decided to taper off the bond buying program, a move… Continue reading