macroeconomics

Inflation is hard to stop because it feeds itself: rising prices push workers to demand higher wages, which push prices higher still. Here's the full mechanism — the wage-price spiral, self-fulfilling expectations, and why central bank tools work with long and variable lags.

Recessions explained: definitions, leading indicators, historical examples, recovery shapes, and what investors typically do during downturns.

GDP is the world's most important economic statistic — and one of the most misunderstood. Here's what it actually measures, and what it misses.