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: ‘THEY NEVER WANT TO LEAVE’: Trump slams military-industrial complex TRADE WAR: Sluggish global economy could erase $600 billion by 2021 What the Smoot-Hawley tariffs can teach us about […]
Archives for May 2019
U.S. wants to slap tariffs on countries with undervalued currencies
The mercantilists in Washington are no longer just targeting China, Europe, and North American partners. The protectionists will not home in on countries that have undervalued currencies. So, pretty much any state that is an exporter will eventually be slapped with tariffs. According to a proposal outlined in a Federal Register notice, the U.S. government […]
Random Friday: U.S. households hit by tariffs, Daniel McAdams on neocons, CNN embarrasses itself
News Story of the Day: Last year, it was estimated that U.S. households were paying about $1.3 billion extra because of the tariffs on Chinese goods. Now that the U.S.-China trade war has kicked into overdrive, it is now expected that the import levies will cost the American people more than $100 billion a year. […]
As corporate debt tops $9 trillion, Federal Reserve says not to worry
Corporate debt is a bomb about to explode in the United States. Since the economic collapse, corporate debt has ballooned to $9 trillion, but it has flatlined since the Federal Reserve started to normalize interest rates. Is it a problem? Not quite says Fed Chair Jerome Powell. Speaking at the 24th Annual Financial Markets Conference, […]
TRADE WAR: Tariffs Are Attacks on Property Rights and Freedom
By: Per Bylund Rothbard wrote in the Libertarian Forum (v. 1, p. 184) that “… libertarians, if they have any personal philosophy beyond freedom from coercion, are supposed to be at the very least individualists.” Indeed, libertarianism holds high the rights and responsibilities of the sovereign individual: the right to self and to justly acquired property […]