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: IPO market suffering from multi-class shares: Goldman Sachs WOKE: Europe considers MMT, quantitative easing for the people WELFARE WALL: Los Angeles paid $1.3 billion in welfare to illegal […]
Austrian Economics
Sorry, Greta Thunberg, capitalism does not threaten humanity
By: Robert Murphy Presumably bolstered by the fiery claims of Greta Thunberg and the general theme of Climate Week, people on Twitter have been declaring that capitalism threatens humanity. This angst rekindled interest in a Guardian article that ran a few months ago, in which author George Monbiot argued that the very nature of capitalism is “incompatible […]
WATCH: Robert Wenzel debates Walter Block on ‘Are Humans Hardwired Against Freedom?’
Here is something to stimulate your little gray cells: Are humans hardwired against freedom? Robert Wenzel, the editor and publisher of Economic Policy Journal, and the legend Walter Block debated the question recently. It was a fascinating debate. Here is the entire debate:
The rise and fall – and rise – of the U.S. dollar
By: Thorsten Polleit John Maynard Keynes (1883–1946) explains very well how to predict the winner of a beauty contest successfully. You must, he noted, think along the following lines: “(…) each competitor has to pick, not those faces which he himself finds prettiest, but those which he thinks likeliest to catch the fancy of the […]
WOKE: Europe considers MMT, quantitative easing for the people
By: Andrew Moran The social justice equivalents in monetary policy are Modern Monetary Theory (MMT) and quantitative easing (QE) for the people. Desperate to save face and be liked again, the outgoing chief of the European Central Bank (ECB), Mario Draghi, is trying to throw anything at the wall to see what sticks, including even […]