By: Ryan McMaken Growth in the supply of US dollars fell again in August, this time to a 108-month low of 4.2 percent. The last time the money supply grew at a smaller rate was during August 2008 — at a rate of 4.1 percent. The money-supply metric used here — an “Austrian money supply” measure — is […]
Archives for September 2017
U.S. credit card delinquency rate jumps in August
The United States government is facing a debt crisis, but so are the American people. Unfortunately, many Americans have returned to their pre-recession norms: living life on the credit card. With rising interest rates in every part of the economy, this is going to hurt them down the road. Is it starting to already? Credit […]
Week in Review: September 11 to September 17
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: Paging Robert Wenzel – Lauren Southern on ‘The Problem With Libertarians’ Study: Q2 2017 debt accumulation beats Q2 2007 numbers The end of Stanley Fischer at the Federal […]
Price gouging is a good thing – it saves lives
With Hurricanes Harvey and Irma striking the states of Texas and Florida, there were plenty of reports of price gouging, which led to widespread condemnation by politicians, law enforcement agencies and self-righteous social media users. Why is it wrong? It isn’t. In fact, it is a public service, it saves lives and is the best […]
The neocons strike again – declare war on reality
By: Ryan McMaken In recent years, I’ve increasingly suspected that when it comes to foreign policy, the realists offer some of the most sane observations. These suspicions were confirmed earlier this year when after the election of Donald Trump, John Mearsheimer, one of modern realism’s current standard bearers, wrote in The National Interest that Trump should “adopt a realist […]