Who pays a tariff? This was a standard question in my Greenville University undergraduate economics class. Tariffs are taxes, mostly on imported goods. When the United States imposes a 25 percent, or $0.25/$1, tariff on an imported good, an imported … Continue reading →
Food prices have been inflated. Food, as a category in the Consumer Price Index (CPI) is no longer driving inflation. The Wall Street Journal reported on November 2, 2024, that grocery distributors are causing food prices to increase and cause … Continue reading →
Most economic demand today manifests itself in report charts and news as a change over time. But traditional economic supply and demand curves do not have time in them (price x quantity). Demand drives any economy, but it doesn’t look … Continue reading →
