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: Everyone Wants Profits — Including ‘Non-Profit’ Groups Probability of U.S. recession in next 12 months hits a new high Swiss voters overwhelmingly reject basic income guarantee (again) Video: […]
Archives for June 2016
A look at U.S. states renamed for countries with similar GDPs
The American Enterprise Institute (AEI) has a very interesting chart out. It looks at the nation’s $18 trillion economy and states that would be renamed for countries with similar gross domestic products (GDPs). California would be renamed to France, Florida would be renamed to Indonesia and Texas would be renamed to Brazil. Here is the […]
Joseph Stiglitz Is Wrong About Marginal Pricing
By: Mateusz Machaj In a recent piece called “Monopoly’s New Era,” professor Joseph Stiglitz has divided the long history of economic thought into two camps explaining the distribution of income: those who believe in competitive markets and those who believe in “market power.” The former tradition evolved into explaining incomes in terms of marginal prices, […]
5 random things for a Friday (Obama’s tech group losing money, foreign investors fleeing U.S., ‘fashionable libertarians’)
News Story of the Day: do you remember 18F? It was a tech organization created by President Obama a few years ago to help Washington’s infrastructure enter the digital age. It’s managed by the General Services Administration (GSA) and so you already know what the story is: it’s bleeding money. According to a new report […]
Venezuela launches government food distribution program as residents turn to dumpsters for food
Amid widespread food and beverage shortages, Venezuelan dumpsters have transformed into grocery stores in the “socialist paradise.” This is what you get when you integrate central planning, price controls and wacko socialist leaders. According to a report from the Associated Press, many Venezuelan residents are turning to dumpsters and garbage bins to feed themselves and […]