Inflation has not been a policy concern since the second half of 1991, the last time the consumer price index increased more than 5 percent. It has been thirty-five years since the rate was over 10 percent. In fact, recently deflation has been more of a concern, when in 2010, prices increased less than 1 percent. The graph below is provided by the Bureau of Labor Statistics. More

Amazon has two-hour delivery and great prices. 2016 was the first year that on-line sales will probably outpace in-store sales. They did over the Black Friday weekend according to an article in Fortune. UPS and USPS trucks were delivering on our street daily throughout the Holidays. Macy's announced on January 4th that they are closing 68 more stores and laying off 10,000 employees in the United States. For the past decade, More

Figures released in December point towards a continued improvement in the US economy. There was real economic growth, an increase in personal income, a slight increase in unemployment with no alarm in inflation. More

Every year has its surprises, and 2016 was no exception. Globally there was a rejection of business as usual and a movement away from globalization. As in every year, new products caught our attention and new innovations provide promise for our future. Some developments force us to re-evaluate issues such as immigration, trade, and privacy. Here is our list of events related to economics. Please share the list with teachers and economics students who you believe may be interested in reading it. As always, we welcome your input. More