What Is the Purpose of Economic Theory? Mainstream economists believe that economic theory is valid when it “predicts” economic actions or trends. Austrian economists, however, say that the purpose of economic theory is to explain economic events. Fed's favorite inflation gauge rises faster than expected in March The Federal Reserve s favorite measure of tracking inflation jumped 0.3% in March as American families continue to grapple with elevated consumer prices. What does a lawsuit over 1.25 miles of track in Richmond say about the odds of a train derailment in the East Bay? A jury trial is slated to begin this summer in case against largest freight railroad company in U.S.. 'Asia's MicroStrategy' Metaplanet Buys ¥1 Billion Worth Bitcoin as Pledged Japanese public company Metaplanet has announced the purchase of ¥1 billion ($6.25 million) worth of Bitcoin, adopting Bitcoin as a treasury reserve asset. |
Fed’s preferred inflation gauge shows price pressures stayed elevated last month A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed’s reluctance to cut interest rates anytime soon and underscoring a burden for President Joe Biden’s re-election bid. Meet The New Billionaires From Petco, Breitling Owner CVC The private equity firm that owns Petco and Swiss watchmaker Breitling went public on Friday at a valuation of $15 billion, minting two new billionaires. $1.3 Million Homes in Anguilla A solar-powered seafront villa, a three-bedroom house with gardens near Shoal Bay Beach, and a presale in a six-home development opposite the Four Seasons Resort Anguilla. 22 of the very best first Father's Day gifts for new dads First-time parents have a lot to adjust to. Not only are they now responsible for their very-own tiny human, but they have to do it on the least amount of sleep — and with the highest amount of anxiety for keeping said tiny human alive — they've ever had. It's no wonder that first-time moms and first-time dads need a little bit of self-care of their own. Sure, everyone loves buying stuff for new … |
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