Do you want to see how free-market healthcare looks like? Well, go visit Walmart in the suburbs of Atlanta, Georgia! The big-box retailer is opening a medical care clinic called Walmart Health. What makes it such a great example of private sector healthcare is that it has a list of prices for medical service, such […]
Austrian Economics
Why does a yield-curve indicate a recession?
By: Christian Hubbs Last month (August 14, 2019), the spread between the 10 year treasury yield and the 2 year treasury yield inverted. If you believe the headlines, this traditional recession indicator caused the markets to sell off with the Dow Jones closing with an 800 point loss (-3.1%) with the S&P 500 also losing […]
Week in Review: September 16 to September 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: Ron Paul: ‘We’re in the biggest bond bubble in history – and it’s going to burst’ BUST: Central banks make free market recessions worse WATCH: Julian Castro praised […]
The economist is an explainer, not a forecaster
By: Andrew Moran Canadian author Laurence Peter described the economist as “an expert who will know tomorrow why the things he predicted yesterday didn’t happen today.” From Paul Krugman declaring that the internet would be as impactful as the fax machine to Art Laffer betting a penny that the economy would not suffer a crash in 2008, economists repeatedly get […]
Is a subzero interest rate the Hail Mary pass for central banks?
By: Jeff Deist Do central bankers really think negative interest rates are rational? “Calculation Error,” which Bloomberg terminals sometimes display1, is an apt metaphor for the current state of central bank policy. Both Europe and Asia are now awash in $13 trillion worth of negative-yielding sovereign and corporate bonds, and Alan Greenspan suggests negative interest rates soon […]