The fraudulent number that is Gross Domestic Product (GDP) is a substantially shrunken number relative to the true size of the U.S. economy. See the “surge” in GDP reported yesterday for evidence. The ...

This Economic Letter discusses a topic that at first glance appears to be boring and technical but that in fact turns out to be quite important: the proper interpretation of chain-weighted data. To ...

The advance estimate for real GDP growth fell at an annualized pace of 0.3 percent in the first quarter. All of the decline can be attributed to a surge in imports in advance of tariffs. With ...

The International Monetary Fund has just warned of slowing global economic growth in its latest analysis. Similar to this finding, a newly issued report reveals the world’s wealthiest countries by ...