It wasn’t a great start to the holiday season for retailers in November as consumer spending slowed down amid falling household incomes. According to a new report from the Department of Commerce (via Reuters), consumer spending rose a tepid 0.2 percent in November, down from 0.4 percent in October. This comes as personal income remained […]
Archives for December 2016
Thank you to the visitor questioning Paul Krugman’s sanity
A recent visitor to Economic Collapse News recently entered the search term “Paul Krugman is losing his mind.” That person arrived at this website. If you have been following this website for the past couple of years, you can come to the conclusion that we definitely think the Keynesian economist is losing his mind. The […]
Still unsure what to get for Christmas? The Libertarian Holiday Gift Guide will help
Have you still been unable to buy a gift for that special libertarian in your life? Well, with just days to go until Christmas, you now have an idea what to get that Murray Rothbard loving, economics obsessed, Gary Johnson hating libertarian you know, whether they’re your nephew, brother or wife. Here you go (be […]
Ayn Rand didn’t like libertarians, Austrians or Milton Friedman
When you study the works of legendary Objectivist philosopher Ayn Rand and then compare her ideas to that of many libertarians, Austrians and perhaps even Milton Friedman in some cases, you have to wonder why exactly she disliked them so much. Her interviews tended to reveal that she believed that her philosophies were plagiarized by […]
Paul Krugman: ‘To join Trump admin, you have to be white nationalist conspiracy theorist’
Let’s be honest: there are a lot of problems in the Donald Trump administration so far, and it’s not because there aren’t enough black feminists or transgendered activists. It’s because there’s too many military generals and ties to Wall Street, particularly Goldman Sachs. However, if you ask Keynesian economist Paul Krugman what exactly is the […]