Archives for February 2017

Yikes! Ontario to abolish lower minimum wage for teenagers, servers

It looks like Ontario Premier Kathleen Wynne detests young people who want to have a job. The Liberal government announced that it proposes to abolish the youth minimum wage for people under 18 and those who serve alcohol. Today, it presently … [Read more...]

Wendy’s to install self-serve kiosks in 16% of U.S. locations

You can count Wendy's as the next fast-food chain fighting against the Fight for $15 crowd by welcoming automation with open arms. Since wage inflation rose five percent last year, and wage inflation could top four percent again this year, the … [Read more...]

U.S. retailers facing highest distressed level since Great Recession

Retailers in the United States are stressed. They are facing difficult times from a wide array of sources: Amazon, a decline in foot traffic and diminishing credit. According to a study by Moody's (via Marketwatch), nearly one-fifth of its retail … [Read more...]

1 million views! A big thank you from ECN

Economic Collapse News has officially surpassed one million views. This is an important milestone for the website and we would like to thank you for your support. Whether this is your first time visiting or your 1,000th, we appreciate your support … [Read more...]

Idaho Bill Would End Taxation of Gold and Silver

By Jp Cortez The Framers of our nation established that gold and silver are money, but federal taxing authorities in recent decades have required taxpayers to pay taxes on this form of money when its exchange for Federal Reserve Notes results in … [Read more...]

Ron Paul: Federal Reserve, not bitcoin, will destroy U.S. dollar (video)

Bitcoin is dominating the business news cycle once again. After making record gains like it did a few years ago, the media have renewed its interest in the peer-to-peer digital currency. Businesses are still looking to accept bitcoin, while a bitcoin … [Read more...]

David Stockman warns of debt ceiling ‘fiscal bloodbath’ on March 15

March 15 will be an interesting time in United States politics. No, it won't be to commemorate the assassination of Roman Emperor Julius Caesar by high ranking Roman Senators. It will be to debate the debt ceiling once again. During the Bush … [Read more...]

Trump budget won’t include cuts to Social Security despite $11.4 trillion shortfall

Here is another promise being kept by United States President Donald Trump, one that would certainly make a conservative or libertarian shake their head: keeping social welfare programs as they are. Speaking in an interview with the Fox Business … [Read more...]

Uh oh: Donald Trump wants to increase military spending

If there is one area of the United States government that is bloated but usually viewed as something politicians can't touch it is the Pentagon (SEE: Do We Need to 'Rebuild the Military'?). According to a wide array of reports, the Trump … [Read more...]

When Government Acts, Unintended Consequences Follow

By: Jp Cortez In 1850, French economist Frédéric Bastiat published an essay that is misunderstood, or more often, unread, titled, “That Which is Seen, and That Which is Not Seen.” Bastiat brilliantly illustrated, through the parable of the … [Read more...]