Discover what basic balance means in economics, its role in balance of payments, and how it helps evaluate a country's inflow and outflow trends effectively.

More than 70% of American adults in a recent survey said they're as interested in economics as in politics, business, and finance. But half flunked an elementary quiz on basic economic concepts. The ...

The costs of the COVID-19 crisis come in two primary forms. The first is the direct impact in terms of health and lives lost. The second is the indirect impact that comes from efforts by individuals, ...

Former H.U.D. Secretary and American Cornerstone Institute founder Dr. Ben Carson discussed the Biden administration’s handling of record-high inflation, arguing "it’s very clear" that the president’s ...

With the economy going into a shutdown mode for at least month, and possibly quite a bit longer, we’re again hearing the cries from elite economics columnists about a Second Great Depression. These ...

When New York's Rep. Alexandria Ocasio-Cortez warned that the world would end in 12 years due to climate change, she fell short of noting the U.S. national debt as another contributing factor. The ...