This section takes a brief look at many of the economists and scholars from the past and present to shape the Austrian School of Economics. Although the status quo and establishment of the current generation scoff at the Austrian Theory, these economists’ work aren’t all for naught as they continue to reject the common approach […]
Archives for October 2014
Week in Review: Oct. 6 to Oct. 12
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: Chart: Best YTD performer is coffee, worst is soybean meal Alan Greenspan: U.S. long-term economy ‘not good’ (hot) George Will says it best: ‘Government is not competent’ Who […]
Peter Schiff: More low-paying jobs can’t help economic recovery
The Obama administration, economists and the market were celebrating this week when it was revealed that the national unemployment rate dipped below six percent and the economy created a large amount of jobs. However, the problem with this data is that a substantial chunk of these jobs were part-time, low-paying jobs, something that has been […]
Up to one-third of your cellphone bill is just taxes, fees
Consumers need Albert Einstein, Michio Kaku and perhaps even Sherlock Holmes when they receive their monthly cellphone bill in the mail or in their email inbox. Not only is the statement confusing, but it’s also marred with an enormous amount of taxes and fees. Not only are you paying more for your cellphone services, you’re […]
Do gender wage gap proponents like Sarah Silverman even read the studies?
Sarah Silverman is making headlines for taking part in an Equal Payback Project video that demands equal pay among genders. In the video, Silverman claims that women are owed $29,811,746,430,000 because of the wage gap. The number was calculated by multiplying the 69 million working American women by the nearly $500,000 supposedly lost on average […]