By: Llewellyn Rockwell What is and what is not free trade is a source of unending confusion, as the new World Trade Organization ruling on US cotton demonstrates. It’s a good thing to have the US cotton subsidy racket receive a thorough thrashing, even if at the hands of an unnecessary and objectionable body such as the WTO. If it […]
Archives for January 2018
HEROES: Tulsi Gabbard, Ron Paul slam Jeff Sessions over failed drug policies
States’ rights are only a concern to Republicans when it suits their agenda. When it doesn’t, then who really cares about the 10th Amendment? Last week, Attorney General Jeff Sessions issued a memorandum that essentially enhances federal laws and power over states deciding to legalize marijuana. This goes against what President Donald Trump said during […]
Sunset Grill, other restaurants reacting to Ontario’s minimum wage
It isn’t just Tim Hortons that is responding to Ontario’s minimum wage increase. Many businesses all over the province are reacting, but the media is portraying it as an attack on the workers, even though it was the Liberal Party who initiated anti-poor policies. Sunset Grill, a popular all day breakfast restaurarant, has instituted a […]
Week in Review: January 1 to January 7
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: Obama-era 2.3% medical device tax returns after two-year suspension XMAS HANGOVER: Americans added $1,054 of debt during Christmas WATCH: Ron Paul talks CIA involvement in Iran protests FINALLY: […]
STUDY: Global debt hits record high $233 trillion
In the years since the Great Recession, governments have taken on astronomical levels of debt to keep the illusion going, to ensure that their economies don’t collapse. But they are only going to prolong the agony. According to a new study by the Institute of International Finance (via Bloomberg), global debt levels surged to a […]