By: Andrew Moran Has the European Central Bank (ECB) reached its limit? It seems like the Frankfurt-based institution has fired every bullet in the chamber and nothing has hit the intended targets. Instead, economic growth has been anemic, sovereign debt levels are increasing, banks are highly leveraged, and consumers are stuck with their deposits returning pittance. […]
Austrian Economics
Will the U.S. slash German wages over Nord Stream Two?
By: Patrick Barron On December 20, 2019, President Trump authorized sanctions against companies and individuals who are participating in building Nord Stream Two, a pipeline under the Baltic Sea that will bring Russian natural gas to western Europe, principally Germany. The pipeline is more than 80 percent completed. The sanctions were included in the 2020 National Defense Authorization […]
The most popular articles on ECN in 2019
Where the heck did time go? As author Ben Johnson wrote, time is a bald cheetah. It flies by. They’re right when they say time speeds up as you get older. Apparently the science says this happens because you have seen it all as you age so nothing is new anymore. OK, enough with the […]
Why Karl Marx was against individual rights
By: David Gordan People are unequal in abilities and circumstances, and because of this, attempts to make them equal by force will inevitably violate their rights to live in freedom. If people have rights, unequal outcomes will result and trying to impose equality will violate their rights. It is as simple as that. Murray Rothbard […]
Week in Review: December 23 to December 29
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: ROARING ’20s: Will gold top $3k next decade? ‘Capital in the 21st Century’ likely to add to capitalism hate QUOTE OF THE DAY: David Stockman rails against Congress’ […]