By: Andrew Moran In 2004, George Lakoff, a progressive professor at Berkeley, averred that nobody became successful on his or her own. He asserted that there is no such thing as a self-made man or a self-made millionaire because nobody makes money “without using the common wealth.” Essentially, according to this philosophy, it is only […]
Austrian Economics
Is the GDP a reliable indicator for a recession?
By: Frank Shostak In response to a weakening in the yearly growth rate of key economic indicators such as industrial production and real gross domestic product (GDP) some commentators have raised the alarm of the possibility of a recession emerging. Some other commentators are dismissive of this arguing that the likelihood of a recession ahead […]
Week in Review: August 26 to September 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. will not impose new auto tariffs on Japanese imports The left’s #BoycottOliveGarden fails Ron Paul: Are recessions inevitable? SAD: Tulsi Gabbard fails to qualify for next Democratic […]
WATCH: Ayn Rand disciple Yaron Brook talks to Ben Shapiro
Ben Shapiro’s Sunday Morning Special has been pretty good as of late, nabbing an interview with Piers Morgan. His latest sitdown is with Yaron Brook, the chairman of the board of the Ayn Rand Insitute. It’s a great discussion that dives into a variety of topics, from Ayn Rand to economics to altruism.
The Fatal Conceit of Globalists
By: Andrew Moran What the heck is happening in the bond market? When the Belgians, Irish, and Mexicans dangled the 100-year carrot in front of investors a couple of years ago, it was thought to be an anomaly. But, like Roy Moore talking to teenage girls at shopping malls, governments are flirting with the unconventional fundraising tool. […]