Week in Review: Dec. 15 – Dec. 21

In case you missed any of this week’s articles, here is a round-up of some of the most read pieces written by the Economic Collapse News staff: Afghan war costing U.S. $1 trillion; Pentagon unfunded pension liability to reach nearly $3 trillion … [Read more...]

Report: 6 reasons why your budget continues to fail


With the New Year upon us, many households may want to impose a strict financial budget to ensure they don't spend beyond their means and can save some money for a rainy day, or at least for a little bit of drizzle. Although the intentions of … [Read more...]

Video: Milton Friedman takes down academic socialist

Milton Friedman

Economist Milton Friedman's documentary series "Free to Choose" brought about some of the greatest explanations of economics as well as how bad government really is. In this video, Friedman takes down an academic socialist, who advocated a greater … [Read more...]

WalletHub: 11 economic predictions for 2015

Gross Domestic Product

WalletHub, a personal finance social network, is out with a new report entitled "11 Economic Predictions for 2015." The data projections are mostly positive and hint at a gradual economy recovery with lower unemployment levels, a rising gross … [Read more...]

American consumers get short end of U.S.-Cuba cigar as cronyists win again

cuban cigar - photo by Alex Brown

After decades of strained relations between the United States and Cuba dating back to the Kennedy administration, President Barack Obama announced Wednesday that the U.S. has eased trade restrictions against the nation of Cuba. This is the first step … [Read more...]

New York Sun urges return to gold standard to save financial system


An editorial published in the New York Sun on Monday calls for the United States government to reinstitute a gold standard in order to save the soundness and fundamentals of today's financial system. The premise of this argument is the fact that a … [Read more...]

Peter Schiff: Falling oil prices a signal of another U.S. recession

financial crisis

Oil prices have fallen for six consecutive months, and this trend is likely to continue heading into next year. Lower gas prices have put more money in the pockets of consumers, while also hurting government coffers of nations that rely on oil … [Read more...]

In defense of Uber and the practice of price-gouging


Over the years, the government and the consuming public have vilified individuals and businesses that take part in the practice identified as price-gouging. Ostensibly, we are told that these people take advantage of a devastated public during a … [Read more...]

Video: The Economics of ‘It’s a Wonderful Life’

It's a Wonderful Life - Public Domain screengrab

It's Christmas! Endless barrels of egg nog, vast sums of wrapping paper and constant replays of the famous James Stewart/Frank Capra classic motion picture "It's a Wonderful Life." Although most people wouldn't even think of economics when viewing … [Read more...]

Afghan war costing U.S. $1 trillion; Pentagon unfunded pension liability to reach nearly $3 trillion


The longest war in United States history is costing taxpayers a lot money since it first began more than a decade ago. The War in Afghanistan has come with a price-tag of $1 trillion, which is in addition to the Iraq War's total sum of $1.7 … [Read more...]