Oil prices have fallen for six consecutive months, and this trend is likely to continue heading into next year. Lower gas prices have put more money in the pockets of consumers, while also hurting government coffers of nations that rely on oil revenues. In other words, declining oil prices have become quite a mixed bag […]
Archives for December 2014
In defense of Uber and the practice of price-gouging
Over the years, the government and the consuming public have vilified individuals and businesses that take part in the practice identified as price-gouging. Ostensibly, we are told that these people take advantage of a devastated public during a crisis by charging astronomical prices for products and services. We are told they do this out of […]
Video: The Economics of ‘It’s a Wonderful Life’
It’s Christmas! Endless barrels of egg nog, vast sums of wrapping paper and constant replays of the famous James Stewart/Frank Capra classic motion picture “It’s a Wonderful Life.” Although most people wouldn’t even think of economics when viewing this tear-inducing film, the good fellows at EconStories have published a new video “The Economics of It’s […]
Afghan war costing U.S. $1 trillion; Pentagon unfunded pension liability to reach nearly $3 trillion
The longest war in United States history is costing taxpayers a lot money since it first began more than a decade ago. The War in Afghanistan has come with a price-tag of $1 trillion, which is in addition to the Iraq War’s total sum of $1.7 trillion. Both are immense sums for a nation that […]
Week in Review: Dec. 8 to Dec. 14
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: An important chart to remember as we ring in 2015 – the national debt (hot) Government, media reports admit that price inflation is here (hot) Peter Schiff: Federal […]