Another year, another Christmas. Well, the supposed most wonderful time of the year is here. So, we would like to wish every single one of our readers a Merry Christmas!
Austrian Economics
‘Capital in the 21st Century’ likely to add to capitalism hate
There is a new documentary out, titled “Capital in the 21st Century.” It is based on the Thomas Piketty nonsense that captivated the world and encouraged them to detest free markets and capitalism. As usual, the trailer suggests it is devoid of facts, cherry picks the data, and ignores the importance of capital. Robert Wenzel […]
Week in Review: December 16 to December 22
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: Larry Kudlow expects USMCA, U.S.-China deal to add 0.5% to GDP in 2020 THANKS FED: Dow Jones hits 10,000th point since Donald Trump took office GOOD! In 2018, […]
Paul ‘Inflation Tamer’ Volcker killed the last vestiges of gold
By: Joseph Salerno The flood of obituaries that noted the passing of Paul Volcker (1927–2019) last week have almost all lauded his achievement as Fed chair (1979–1987) in reining in the double-digit inflation that ravaged the US economy during the 1970s. Volcker was referred to as the “former Fed chairman who fought inflation” (here); “inflation […]
Random Friday: Q3 GDP, Greta Thunberg, Joe Biden imitates a stuttering child
News Story of the Day: The final reading for the third-quarter gross domestic product (GDP) came in at 2.1 percent, up from the initial reading of two percent. It should be interesting to watch GDP numbers in 2020: trade certainty, accommodative Federal Reserve policy, and an election year. Chart of the Day: What’s your password? […]