Market Basket - fixed list of items, in given proportions, commonly used to track the progress of inflation
The Big Mac index - published by The Economist as a way of measuring the purchasing power parity (PPP) between two currencies and provides a test of the extent to which market exchange rates result in goods costing the same in different countries.
Purchasing Power Parity (PPP) - is a measurement of prices in different countries that uses the prices of specific goods to compare the absolute purchasing power of the countries' currencies.
reaction to Paul Graham essey How People Get Rich Now. Paul Graham argues that growing inequality isn't that big of a issue as the economy isn't zero sum game and essentially everyone is earning more. On the other hand, this golden age of entrepreneurship has benefited only a few selected ones and the income for lower and middle class families isn't growing fast enough to keep up with growing prices.
Economic Research at the St. Louis Fed - Expand the frontier of economic knowledge by producing high-quality original research in the areas of macroeconomics, money and banking, and applied microeconomics.