Study: Philadelphia’s soda tax caused consumers to drink more beer, not buy soda

Whenever government intervenes, it creates several unintended consequences. Case in point, Philadelphia recent imposed a 1.5 cent-per-ounce tax on soda as a way to combat growing obesity. Not only did the tax cost hundreds of jobs in the City of … [Read more...]

Ron Paul: ‘A 50% pullback is conceivable’, not Donald Trump’s fault

The United States stock market is in a big, fat bubble. Whether it is the social media sector or the biotech side, there are many bubbles forming on the New York Stock Exchange, but don't tell that to some investors. Many contrarian investors see … [Read more...]

Week in Review: August 14 to August 20

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: Jim Rogers: ‘We could see the worst crash in my entire life pretty soon’ A Reminder for Donald Trump: … [Read more...]

Hey, Donald Trump, 7.4 million Americans are employed by foreign companies

President Donald Trump wants a mercantilist economy, a nation that is insulated from global trade, despite international commerce generating obscene amounts of wealth and opportunities for all. Today, more than seven million Americans are employed … [Read more...]

6 random things for Friday (Twitter needs Trump, Vice wants to ‘blow up’ Mt. Rushmore, rich never paid 91% tax rate)

News Story of the Day: Twitter may publicly detest President Donald Trump, but they understand the true value he provides to the social media network. In fact, without the Twitterer-in-chief, the company would lose about one-fifth of its … [Read more...]

Chart: Global income distributions from 1800 to 2015

Free market capitalism has unleashed a tidal wave of wealth. No other system in the millions of years on this planet has lifted so many people out of poverty than capitalism. Despite the left constantly shouting inane slogans - "the rich must pay … [Read more...]

3 Ukrainian lawmakers hold $45 million in bitcoin

Ukrainian lawmakers are big league bitcoin holders. According to Ria Novosti, citing mandatory financial disclosure records, three public officials from the nation's ruling party own a combined $45 million in the digital currency. The financial … [Read more...]

Donald Trump confirms economic ignorance in renewed attack on Amazon

How many enemies does President Donald Trump really want to make? And why does he lack economic understanding? On Wednesday morning, the president attacked Amazon in a tweet, accusing the online retail juggernaut of destroying localities and … [Read more...]

Cryin’ Chrystia Freeland wants a social justice NAFTA

Foreign Affairs Minister Chrystia Freeland has been an embarrassment to Canada on the world stage. When she wasn't getting her way on last year's EU-Canada trade deal (CETA), Freeland stormed out of the room and proceeded to cry, perpetuating gender … [Read more...]

Did the U.S. just launch a quiet global war on cryptocurrencies?

Last month, President Donald Trump signed a foreign sanctions bill that was widely supported by both Republicans and Democrats - only a handful of lawmakers opposed the legislation, including Senators Rand Paul and Bernie Sanders. As everyone was … [Read more...]