President Donald Trump’s recently implemented tariffs represent a break from decades of economic precedent. In the years leading up to Trump’s first term in office, goods imported to the U.S. were taxed at an…
Many Americans believe there will be a recession in the next year. There are plenty of signs that say one is already underway.
During times of international conflict and economic tension, usually instigated by the United States, we hear our elected officials threaten the use of sanctions. But how exactly do they work, and how can people…
As the central bank of the United States, Federal Reserve is charged with maintaining price stability for American consumers. The Fed targets a 2% annual inflation rate, meaning a dollar will lose 2% of…
In any capitalist economy, some level of income inequality is to be expected — but when the gap between the rich and the poor becomes wide enough and persistent enough, negative effects can begin…
For much of his first term in office, Donald Trump presided over a relatively strong U.S. economy. From President Trump’s inauguration in January 2017 until February 2020, the month before the onset of the…
Donald Trump was elected to office on a platform centered in part on protectionist taxes of imported goods. Still, when the full suite of tariffs were unveiled from the White House Rose Garden on…
President Donald Trump, upon entering his second term in office, established the Department of Government Efficiency (DOGE) with a purported goal of cutting waste and reducing the federal deficit. But as DOGE goes after…
More so than perhaps every other wealthy, highly developed country, the United States stands out on the world stage for its high level of income inequality. According to data from the Congressional Budget Office,…
With world markets reeling from the impact of President Trump’s sweeping trade tariffs, one unlikely country is quietly celebrating: Mexico. Given the acrimonious relationship between Trump and Mexico over issues of undocumented immigration and…
President Trump announced sweeping tariffs on the afternoon of Wednesday, April 2, 2025. Although the world was expecting his announcement on tariffs, many economists expressed surprise at the minimum 10% tax on nearly all…
We’ve heard the term “stagflation” arise again in recent months, with tariffs threatening to add a bit of heat to inflation as it cools down the economy. Undoubtedly, it’s not all too often that…
The Organization of the Petroleum Exporting Countries (OPEC) recently announced that it wanted to increase its oil supply. But will it be enough to lower gas prices? Why would an increase in oil supply…
On March 12, 2025, President Trump announced 25% tariffs on all steel and aluminum imports entering the United States. But what will the impact of these broad tariffs be? Will they help or harm…
Among wealthy, highly developed nations, the United States stands out for its high level of income inequality. According to the latest available data from the World Bank, income inequality is about seven to nine…
