Although nearly a quarter of Americans (23%) say socialism means equality, fewer (17%) correctly identify socialism as an economic system where the government controls key factors of production and ...

A surprising eight out of 10 12th graders understand basic economics concepts, according to a national study released on Wednesday. “Given the number of students who finish high school with limited ...

Discover four key economic concepts: scarcity, supply and demand, costs and benefits, and incentives. Learn how they affect consumer choices and financial decisions.

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 ...

In a guest editorial on PennLive earlier this month, Vinnie Trometter shows a lack of basic economic understanding arguing against the federal repeal of an overreaching California law that hurts ...

A fundamental economic principle is that voluntary trade creates wealth, and the more people trade, the greater their well-being. Most economists agree that the more a nation’s citizens can trade with ...

I'm now genuinely concerned that the Treasurer doesn't understand basic economics. Either that or, if he does, he's prepared to cast its basic principles adrift in the name of political spin. He has ...

Does anybody around here understand basic economics? In 2008, Supreme Court Justice Samuel Alito was treated to an all-expenses paid fishing trip to Alaska. This included transportation aboard a ...

David joined Raw Story in 2023 after nearly a decade of writing about the legal industry for Bloomberg Law. He is also a co-founder and a commissioning editor at Hypatia Press, a publisher that ...

BBC News’ journalists failure to understand “basic economics” is bringing a “high risk to impartiality,” according to a BBC-commissioned report. The finding was contained in the first BBC impartiality ...

Vice President Kamala Harris is anti-capitalist. She does not understand basic economics. Her words and actions tell us that. She supports price controls, and she accuses businesses of corporate greed ...

Tori Whiting is the Jay Van Andel trade economist in the Thomas A. Roe Institute for Economic Policy Studies at The Heritage Foundation. Although nearly a quarter of Americans (23%) say socialism ...