Learn about purchasing power, its effect on currency value, and how inflation influences what one unit of money can buy.

Inflation refers to the rise in prices across the economy. But inflation can take many forms, and it has complex causes. For example, stagflation, which occurred in the 1970s, combines high inflation ...

July Fourth saw big crowds, congested highways and full airplanes as tens of millions of Americans celebrated not only the country’s independence but their own liberation from the pandemic. There were ...

Mainstream economists, not to mention most financial journalists, claim that deflation is as bad or worse than inflation. The ...

Zach D. Berg ’28 is a History and Government concentrator in Adams House. Daniel Zhao ’28 is a Math and Computer Science concentrator in Adams House. Many economists agree that the only thing worse ...

The Consumer Price Index (CPI) regularly measures the change in the prices paid by consumers in the U.S. for a representative ...

WASHINGTON, DC - NOVEMBER 08: Fed Chairman Jerome Powell prepares to deliver remarks to the The Federal Reserve's Division of Research and Statistics Centennial Conference on November 08, 2023 in ...