By: Clint Siegner The presidential race will mesmerize Americans over the next 11 months. The country hasn’t been this polarized since the Civil War. Voters on the left desperately want a story which undermines support for President Trump. They are also searching for a candidate who can actually win. Many Republicans are outraged about the […]
Austrian Economics
LOL: Millionaire Mark Ruffalo slams capitalist system that made him a millionaire
What’s with millionaires and billionaires who became successful because of capitalism slamming the very system that allowed them to sell their labor and become rich? It’s cringe-worthy whenever some celebrity or businessman whines about free markets because they want to appear woke. On Sunday, Mark Ruffalo, the actor who played a CGI hulk and who […]
Week in Review: November 25 to December 1
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: U.S., Chinese officials doubtful over phase two of trade agreement next year Time to say goodbye? London transit regulator strips Uber of license over ‘patterns of failures’ The […]
Is the rise of socialism connected to fiat money?
By: Patrick Barron What causes the seemingly unfounded confidence in socialism we encounter more and more in the news media and among political activists? In the Extinction Rebellion movement, for example, activists are quite certain they have learned that there is an alternative to markets as the means to economic prosperity. It’s a means that does not […]
Federal Reserve warns of economic collapse if U.S. adopts MMT
A broken clock is right twice a day. Is Modern Monetary Theory (MMT) anything new? The concept being pushed by the likes of Rep. Alexandria Ocasio-Cortez (D-NY) and Sen. Bernie Sanders (I-VT) suggests that the Federal Reserve (or Congress) print money to pay for the deficit. But isn’t that what it is currently doing with […]