Last week, China moved itself closer to gold. As the United States debated the $20 banknote, as the European Central Bank (ECB) ramped up its quantitative easing and as the New Zealand central bank announced the end of media embargoes, China’s top banks and gold miners launched a yuan gold benchmark with 18 members. The […]
Archives for April 2016
Video: Why does private investment work when government investment flops?
Burt Folsom, historian and professor at Hillsdale College, takes a look at why private investment works and why government investment usually flops. There is no astronomical amount of government funding that could ever match the entrepreneurial spirit. We’ve seen this time and again; as the video notes, railroads and airplanes. When the government intervenes, taxpayers’ […]
Week in Review: Apr. 18 to Apr. 24
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: For Keynesians, April 15 Is “Stimulus Day” Interesting commentary from Ron Paul on recent Obama-Yellen meeting Wow: Saudi Arabia warns $750 billion sale of U.S. assets over 9/11 […]
The Euro Zone Embraces ‘Helicopter Money’
By: Thorsten Polleit On 10 March 2016, European Central Bank (ECB) president Mario Draghi gave rise to expectations that the monetary authority could, at some stage, issue helicopter money (SEE: Central banks will try latest monetary policy tool: Helicopter Money). The latter basically denotes a free handout of new money to, say, consumers, corporates and […]
Earth Day: Are fossil fuels the greenest energy? (video)
It’s Earth Day! For 24 hours, we’re going to bear witness to articles, op-eds and lectures about how evil fossil fuels and how we should just depopulate humanity. But a new video from Prager University explains that fossil fuels are the greenest form of energy available. The same institution also takes a look at what […]