When I taught economics I looked for current, but historical moments to illustrate fundamental economic principles. Tuesday night's and Wednesday's price movements on the stock markets provide a wonderful lesson in the basic laws of supply and demand. More

Within the past few weeks there have been some very encouraging reports pertaining to the economy's health. Real gross domestic product (RGDP) is the most common measure of economic activity. GDP is the market value of all the goods and services manufactured in the country. RGDP is adjusted for inflation. The Bureau of Economic Analysis (BEA) reported on October 28th that its estimated annual growth rate for third quarter growth in the US economy equals 2.9%. This is up from a rate of 1.4% in the second More

One of our contributors lives in New York City and tells her story of how the recent recession impacted her life, but ultimately provided an opportunity. More

Newsflash – An explosion on the Colonial Pipeline killed one and injured several others on Monday. This is the second disruption of the Colonial Pipeline in two months. Again, gasoline prices will jump and shortages may occur. Gas lines had begun to form on my way to work this morning. More