By: Ryan McMaken Last week, Miami art gallery Art Basel sold, for $120,000, a piece of art composed of a banana duct taped to a wall. At least one other identical piece sold for a similar amount. A third piece was priced at $150,000. The banana used in the display is a real banana, and […]
Austrian Economics
Random Friday: Conservatives win UK election, dot-plot, Trump breaks Don Lemon
News Story of the Day: Will Brexit finally be delivered? Well, Prime Minister Boris Johnson and his Conservatives earned a huge majority in Parliament in the United Kingdom’s election. This means now that the tories can move ahead with Brexit and pretty much anything else it wants for the next four years. Here are the […]
Remember when the Communists abolished the weekend?
By: Ryan McMaken Anti-capitalists on both left and right tell us that “capitalism” is destroying the weekend. The conservatives insist we need laws to punish people who try to sell things on Sunday. Leftists insist “unbridled capitalism” is destroying the weekend, which “lets us cultivate the seeds of civil society…” But it’s not capitalism that’s doing this dirty work. […]
EASING: Interest rates have been cut 750 times in last decade
Is the era of easing ever coming to an end? Well, because growth has not exactly been monumental for much of the global economy, central banks continue to print money, cut interest rates, and employ unconventional monetary policy tools. While this is not new for anyone who has paid attention to monetary policy since the […]
Week in Review: December 2 to December 8
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: Federal Reserve wants to make up for lost inflation The Trump Doctrine: Tariffs and currency wars LOL: Millionaire Mark Ruffalo slams capitalist system that made him a millionaire […]