What are taxes and tariffs?

Right now, the 2026 FIFA men’s World Cup is happening across 16 cities in the United States, Canada and Mexico and it’s time to learn a little bit about soccer…or should we say football? That’s one conundrum we’ll be tackling: why is it called soccer in some countries and footbal ...  Show more

How are video games made? Who invented the concept? Why do games have levels? Who invented them? Why are game consoles so expensive? Why do people like playing these games so much and do they turn your brain to mush? What do you do if you can’t make yourself stop playing? In this ...  Show more

Everything is getting more expensive, and it’s not just inflation. The U.S. just slapped massive tariffs on Mexico, Canada, and China, and that means your grocery bill, your next car, and even your favorite bottle of tequila are all about to cost way more. But why is this happeni ...  Show more

Notes from James: I’ve been seeing a ton of misinformation lately about tariffs and inflation, so I had to set the record straight. People assume tariffs drive prices up across the board, but that’s just not how economics works. Inflation happens when money is printed, not when c ...  Show more

The White House's chief economist, Stephen Miran, believes that tariff increases will not have a lasting impact on US inflation, citing the limited effect of imports on the economy. “Imports are only 14% of the economy — the ability of those types of things to move the needle on ...  Show more

What happens when lots of people lose their jobs? Why might wages be low even though everyone who wants a job, has one? What do we mean by employment and unemployment and what does 'economic inactivity' mean? What is productivity and how does it relate to you and your job? Tim Ha ...  Show more