By: Chris Calton In Human Action, Ludwig von Mises writes: The market economy, say the socialists and the interventionists, is at best a system that may be tolerated in peacetime. But when war comes, such indulgence is impermissible. It would jeopardize the vital interests of the nation for the sole benefit of the selfish concerns of […]
Archives for December 2017
REJOICE: Trump administration may stop foreign aid, save $25 billion a year
President Donald Trump’s decision to relocate the U.S. embassy in Israel to Jerusalem was likely the smartest political maneuver in his first year in office. He accomplished quite a few things: dispelling the idea that he is LITERALLY HITLER, showcased the irrationality of Middle Eastern politics, the violence of Palestinian supporters, and much more. Last […]
SCARY: Venezuela’s annual inflation rate nears 5,000%
Socialism in Venezuela is working out so well that the people are starving to death. Like other past socialist experiments, the general population is living in impoverished conditions where they can’t buy anything. Unfortunately, if they are able to locate items, they won’t be able to pay for it. Why? The annual inflation rate in […]
Merry Christmas & Happy New Year!
The team here at Economic Collapse News would like to wish all of our readers a Merry Christmas and a Happy New Year! We hope you have a great time with your loved ones this holiday. It was an interesting year to say the least, and we expect 2018 to be another year to grab […]
Week in Review: December 18 to December 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: FAIL: New York Times reports starvation in Venezuela, North Korea – omits socialism Ron Paul: War & Peace – Who to Believe on Washington’s Korea Policy, Tillerson or […]