The gig economy is a rapidly expanding slice of the U.S. labor market represents. From the proliferation of web and mobile technology, which enables so many of us to work when and where we wish, to shifting cultural values and greater generational interest in a meaningful work-life balance, the growth of the gig economy represents a confluence of factors. But what is the gig economy, what are the benefits of participation in this labor market, and is it the right move for you? Read on to learn more about the gig economy.
and sustained inflationary trends in at least 30 years, the cost of living is going up. You can feel the effects when you buy groceries, when you fill up at the pump, and of course, every month when you pay your gas and electric bills. The U.S. Energy Information Administration (EIA) reports that “natural gas prices trended higher over the last year. The delivered cost of natural gas to electricity generators grew from $3.19/MMBtu in January 2021 to an estimated $5.04/MMBtu in the fourth quarter of 2021.” The price of keeping the lights on and the heat flowing is getting higher and unfortunately, we aren’t likely to see much relief as we descend into the heart of another cold winter. There are, however, steps you can take to lower the impact on your own household.
This article is the first in a three-part series explaining why the economic inflation we are experiencing was all-too-predictable, and outlining the things that ordinary citizens can do by way of self-protection to hedge against it and enhance their finances. The first topic of discussion will be government mismanagement of the money supply and the […]
At this point, we probably don’t need to tell you that we’re living through a period of sustained inflation. Your grocery bills already tell you everything you need to know. In December 2021, the Bureau of Labor Statistics (BLS) reported a 6.8% rise in the Consumer Price Index (CPI) over the previous year. Americans are […]
Work on this article began when Bitcoin was trading at $60,000. Today (6/18/22) it has fallen below $20,000. Ethereum has, proportionately, taken an even bigger hit. And except for some well-backed stable coins, most cryptocurrencies are at the moment cratering. With inflation high and a recession looming, cryptocurrencies are now being dismissed as an example […]
Peter J. Boettke is one of the most influential members of what one might call the “fifth generation” of Austrian economists—an academic cohort that is currently at the peak of its intellectual power and influence, both in this country and around the world.(1) Austrian economics, as a school of thought, holds that the free market […]
The Great Recession was a financial crisis that gripped the world in late 2007 and held tight until roughly the summer of 2009. While this period of economic stagnation and decline was a global phenomenon, its impact was especially concentrated in the United States. Over a period of 18 months, one in every five American workers was laid off. This was a catastrophic period in the lives of many Americans. For the nation as a whole this period qualified as the worst economic meltdown since the Great Depression some 80 years prior. As we face down a growing threat of inflation, Congressional grappling over infrastructural needs, and a political landscape that is both sharply divided and marked by a far-reaching sense of economic discontent, this feels like a uniquely appropriate time to reflect on the Great Recession.
Inflation is the watchword of the day. But what does inflation mean, and how is it likely to impact you? A perfect storm of events--including hiccups in the supply chain, shortages of essential goods, rising fuel prices and the economic fallout of the pandemic, as well as the various corrective tactics used to manage this fallout--is causing a spike in consumer pricing across the board. And as prices continue to rise, anxiety over inflation has spiraled into full-fledged fear. The Consumer Price Index (CPI) seems to bear this fear out, as do recent indications from the Federal Reserve that interest rate hikes will be coming in the New Year. But is actual inflation or just a short-term spike in consumer prices?
There are many possible gifts that are generous expressions of love: for instance, twelve drummers drumming (kind of noisy), or a partridge in a pear tree (does that make a good meal?). But those with little to no budgetary limits might be inclined to think (though lesser mortals know they’re wrong) that nothing says “I […]
It may seem strange for a money and business website like Expensivity.com to present this interview about college rankings and the problems they raise. But these academic rankings are big business, and the actual school ranking lists that they produce have significant business and financial implications for the schools listed, especially depending on where they […]