The Basics of the Pandemic Recession

In a circular flow model of our market economy, the outer loop represents the money that moves around the economy while the inner circle takes us to the goods and services that those dollars pay for:   Imagining a Starbucks…

Why a Normal Recession Would Be Nice

As a pandemic, COVID-19 could have an impact that is more similar to a macroeconomic disaster than typical normal recessions.

Weekly Roundup: From Milkmen to Menus

This week’s stories on everyday economics include competitive market structures, business cycles, saving, conspicuous consumption and economic indicators.