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: June Fed rate hike estimated to cost credit card holders $1.6 billion in extra interest YUCK: $42 billion in cryptocurrency market value wiped out after hack HISTORIC: Kim […]
Archives for June 2018
Random Friday: Trump tariffs, copper, CREEPER Act
News Story of the Day: it’s another day that ends in y, so of course President Donald Trump is announcing new tariffs. On Friday, President Trump said the U.S. government will slap new tariffs on $50 billion worth of Chinese imports. And, to the surprise of no one, China pledged to retaliate, likely targeting America’s […]
Trump’s lumber tariffs to cause job losses, higher home prices
It’s amazing to see a former Obama administration official start worrying about taxes and inflation when the ex-president was pretty indifferent. But that’s what happens in the era of President Donald Trump. Last year, President Trump slapped a 20 percent tariff on Canadian softwood lumber. It was a ridiculous move from the beginning, but Trump […]
Consumption is a big economic problem, not saving and investing
[From an interview with Hans-Hermann Hoppe conducted by Juan Fernando Carpio.] Carpio: Why do economists in general not teach the role of saving for the economy? Hoppe: I agree with your assessment: In the economics profession today very little attention is given to the role of savings and very much, indeed overwhelming importance is attached instead to […]
U.S. import prices jump 0.6% in May – is higher price inflation here?
This one is for the “inflation is never coming” crowd. For the second consecutive month, the import price index jumped by 0.6% in May, contributing to the growing belief that higher inflation is here. According to the U.S. government, the 12-month import price index advanced to 4.3 percent, from 3.6 percent in the previous month. […]