Patrick Carroll

Patrick Carroll has a degree in Chemical Engineering from the University of Waterloo and is an Editorial Fellow at the Foundation for Economic Education.

Patrick Carroll Articles

One of the most rudimentary topics in mainstream macroeconomics is inflation, and specifically the different methods of “measuring” inflation, such as the Consumer Price Index (CPI) and Producer Price Index (PPI). These concepts are taught...
The ninth myth in Robert Reich’s series on economic myths is titled “Wage Increases Cause Inflation.”
As I was going through my wallet the other day I came across a bill that was rather folded and scrunched up. If you are older than 20, you can probably relate. It had obviously changed hands countless times in its life. Somewhere along the...
With 2022 behind us, many are undoubtedly grateful that the year is over. From lingering COVID restrictions to the war in Ukraine to economic decline, it’s been a rough go.

The first use of gold as money occurred around 700 B.C., when Lydian merchants (western Turkey) produced the first coins

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