Over the weekend, Mexican billionaire tycoon Carlos Slim delivered a speech in Paraguay where he opined on the economy and education. When he discussed business-related matters, he averred on a potential three-day work week that would eliminate the current age-old five-day work week. In his oration, Slim suggested a three-day work week that would come […]
Archives for July 2014
Week in Review: Jul. 14 to Jul. 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: Gary Johnson: ‘Abolish the IRS’ in light of scandals Janet Yellen: Keynesian economics at Federal Reserve here to stay (hot) CBO says U.S. debt to exceed GDP in […]
Infographic: U.S. spends $1.06 trillion each year on education
The United States education system is abysmal to say the least. In order to improve test scores and grades, government school proponents say, the government must increase public funding and give teachers more money every year. Is this the solution? Well, the U.S. has already spent an enormous amount of money on government education, but […]
Peter Morici is wrong suggesting inflation will diminish Fed’s independence
Since the inception of the Federal Reserve System more than a century ago, it has remained an autonomous, independent body that has become more powerful than the Central Intelligence Agency, the National Security Agency and pretty much any other government agency in the world today. The Fed controls markets, liquidity, interest rates and money supplies […]
World Bank economist calls bitcoin a ‘naturally occurring’ Ponzi
Staunch critics of bitcoin have labelled the digital currency as a Ponzi scheme – economist Gary North went into great detail outlining a list of reasons why the popular cryptocurrency is one. Financial institutions, think-tank organizations and economic analysts have also called it a Ponzi scheme. But is it possible for the digital currency to […]