Low-wage workers in the United States continue to experience the unintended consequences of the federal and state governments. Although politicians, regulators, unions and bureaucrats may have good intentions, their policies are hurting millions of these employees and causing a higher jobless rate for these individuals. This is no more apparent after the Securities and Exchange […]
Archives for September 2013
Ron Paul says Bernanke admits economy is in shambles with latest move
The Federal Reserve confirmed in a statement issued by the Federal Open Market Committee (FOMC) that it will continue with its aggressive $85 billion per month bond-buying initiative in order to stimulate the economy. The central bank hinted throughout the summer that it would taper its quantitative easing. As most critics of the Fed agreed, […]
U.S. falls to 17th place in economic freedom: report
This week, the Fraser Institute, a Canadian public policy think-tank, published its annual Economic Freedom of the World Report that analyzed economic freedom around the world and looked at 42 variables in five contributing areas: government size, legal system and property rights, sound money, regulations and international trade freedoms. It essentially concluded that the United […]
Dollar collapse inevitable as CBO warns of unsustainable debt levels
The United States national debt has taken a backseat over the past couple of months due to the potential war with Syria. Over the next few weeks, though, it is expected that the federal debt and budget deficit will capture headlines again because of the looming debt ceiling fight between President Obama and Republican lawmakers. […]
Does a ‘living wage’ create economic growth for both business and worker?
This is the start of an ongoing series that Economic Collapse News is doing to debunk various myths that some non-libertarian readers may purport from time to time in our comments section. Last weekend, Economic Collapse News reported on D.C. Mayor Vincent Gray scrapping legislation that would require Wal-Mart and other big-box retailers paying their […]