By: Jonathan Newman The perennial promises of free stuff from political candidates are front and center again now that we are ensnared in another US election cycle. The knee-jerk response from some economists and libertarians is “TANSTAAFL!” And of course it’s true that There Ain’t No Such Thing As A Free Lunch, because somebody must […]
Archives for February 2016
Seattle’s minimum wage hike leads to job losses
Seattle is supposedly now the beacon for attempts at socialism. With Kshama Sawant leading the charge, Seattle may be a hipster’s (sporting a Che Guevara of course) paradise as its lawmakers are portraying themselves as the crusaders of social and economic justice. How’s it working out so far? Well, the first step was to raise […]
Are subzero interest rates igniting cash hoarding?
Under the mattress? In the microwave? Buried in the backyard? Cash hoarding is the latest trend for consumers everywhere, and with negative interest rates coming soon, you’ll start to take part as well. Since several central banks have adopted a negative interest rate policy, consumers have become wary of depositing their cash into bank accounts. […]
Crony Alert: Marco Rubio, Hillary Clinton lead Wall Street fundraising race
With former Florida Governor Jeb Bush out of the presidential race, Marco Rubio has taken over the Wall Street fundraising race in the Republican Party. Of course, as expected, Hillary Clinton is leading the Democrats. According to a Reuters review of campaign finance disclosures, Rubio, who is vying for second place in the GOP field, […]
Week in Review: Feb. 15 to Feb. 21
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: European Central Bank Gets Ready for More Easy Money A Logical Statistic: Lesbians earn more than heterosexual women AP report lists five danger signs of pending financial doom […]