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: Whoa! Venezuela raises minimum wage by 50%, the fifth time in a year Tom Woods crushes basic income guarantee like a pixie cup Federal Reserve Boom Continues – […]
Archives for January 2017
Study: Half of Americans don’t have $500 for an emergency
If you suddenly faced an emergency that cost you at least $500 would you have enough funds in your bank account (or under your mattress) to pay for that unforeseen expense? Well, more than half of the country wouldn’t be able to afford it. According to a new study by Bankrate.com, more than half (59 […]
Why do minimum wage supporters find good economics ‘bizarre’?
By: Carmen Elena Dorobăț The BBC is running a story titled “Bizarre excuses for failing to pay the minimum wage”. The article follows an investigation by HM Revenues and Customs in the UK, which is organizing a government awareness campaign for underpaid workers. Some of the excuses are indeed hilarious and evidently made up on […]
5 random things for Friday (Forbes wants Yellen gone, the border wall, Wenzel vs. Emanuel)
News Story of the Day: Steve Forbes, editor and publisher of Forbes Magazine, wants Donald Trump to give Federal Reserve Chair Janet Yellen the pink slip. Speaking in an interview with Newsmax TV, Forbes explained that Trump should request Yellen for her letter of resignation, despite having a year left in her mandate. “She should […]
Obamacare: Is It Worse Than What Came Before It?
By: Per Bylund One of the most debated issues right now is Obamacare, and specifically whether and how the new republican-dominated Washington DC apparatus will repeal it — and when. Democrats are expectedly up in arms and fear any change to the policy, the suggested legacy of President Obama. Republicans are considering their options: whether […]