New Jersey is starved for cash as it consistently ranks near the bottom of fiscally responsible states. Because it is desperate for revenues, The Garden State is looking at multiple ways of punishing its residents. Its latest proposal? Taxing the rain. The New York Post reports that legislation was authorized last month that institutes new […]
Archives for February 2019
KEYNESIANISM: South Carolina spent $9 billion to dig a hole, fill it up
South Carolina read a few Paul Krugman blog posts and perused John Maynard Keynes’s work and applied some good old Keynesian economics. The Palmetto State spent $9 billion to dig a hole in the ground and then fill it back up. South Carolina taxpayers are now footing the bill. Here are details from The Intercept: […]
What the heck is going on with Tucker Carlson?
Is Tucker Carlson creating a victimhood subsection of the populist movement? It certainly looks like it as he continually decries the success of free market capitalism and advocates government measures to limit advancements, like prohibiting self-driving trucks. One of Carlson’s latest monologues asserted that the Republican Party should not worship market capitalism (emphasis ours): There’s […]
Week in Review: February 4 to February 10
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: NEOCON/NEOLIB: Tulsi Gabbard slams warmongers after putrid NBC News report Will Bill ‘I’m here vouching for Mrs. Clinton’ Weld run as a Republican or Libertarian in 2020? Atlanta […]
Why Karl Marx loved central banks
By: Thorsten Polleit In his “Manifesto of the Communist Party” (1848), published together with Frederick Engels, Karl Marx calls for “measures” — by which he means “despotic inroads on the rights of property” –, which would be “unavoidable as a means of entirely revolutionising the mode of production,” that is, bringing about socialism-communism. Marx’s measure […]