Winning at Trade?
How do we know if the United States is “winning” at international trade? Most non-economists would probably answer, “The trade deficit!” This mercantilism reasoning suggests that if a country sells…
Shoppers Show Cheer During 2024 Holiday Season
Despite the high levels of economic anxiety that Americans expressed earlier in the year, shoppers spent 3.8% more in the 2024 holiday shopping season than in the previous year. The…
All US GDP Components Grew in 2023
Despite fears of a recession following the Federal Reserve’s raising of interest rates to cut inflation, the US economy saw real growth of 3.1% in 2023. A large part of…
U.S. Government stepping in to avert nationwide Railroad Strike
Photo by Acton Crawford on Unsplash On Friday, December 2nd 2022, President Joe Biden signed into legislation to block a national U.S. railroad strike. A day earlier, the Senate voted…