The dollar is 'backed' not only by what has already been produced, but also by what WILL be produced. This tells us how the Fed can 'create' money without 'creating' inflation. It need only direct ...

US President Donald Trump said Tuesday that he reached a trade deal with Japan, which will impose a 15% tariff on their goods. The deal comes hours after he announced an agreement with the ...

Most times, Veblen goods are an example of what economists call “positional” goods. These are goods that are valued according to how they are distributed among people, and who exactly has them.

Import taxes are set to spike under the incoming Trump administration, forcing Americans to pay more for everything from foreign-made sneakers and toys to food, according to new research.

Prices can change for many reasons (technology, consumer preference, weather conditions). The relationship between the supply and demand for a good (or service) and changes in price is called ...