By: Ryan McMaken The Treasury Department released new budget deficit numbers this week, and with two months still to go in the fiscal year, 2019’s budget deficit is the highest its been since the US was still being flooded with fiscal stimulus dollars back in 2012. As of July 2019, the year-to-date budget deficit was 866 […]
Austrian Economics
FAKE NEWS: New study defending NYC’s minimum wage law is just plain wrong
By: Tho Bishop Last week Business Insider published an article with the eye-opening title “NYC’s $15 minimum wage hasn’t brought the restaurant apocalypse — it’s helped them thrive.” Given the political momentum for the “Fight for 15” movement, culminating in the House voting in favor of a $15 national minimum wage last month, the article made […]
Is this the biggest bubble ever? New infographic explores historical financial bubbles
Is this bull market in a bubble? With 1,000-point gains and then 1,000-point losses on the Dow Jones, you cannot help but wonder if this is a bubble. If it is, then watch out! When it pops, it will do more damage than the economic collapse from a decade ago. That is the consensus among […]
Week in Review: August 5 to August 11
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: Gold, bitcoin soar as market turmoil spooks investors #FinePeopleHoax: The Charlottesville Lie exposed Ron Paul: America is committing national suicide on congressional spending surge Yuan stabilizes as Trump […]
Random Friday: Recession, social media addiction, Sowell on diversity
News Story of the Day: A new survey of economists projects that the odds of a recession striking the United States economy rose to 35 percent within the next 12 months, up from the previous forecast of 31 percent. Ostensibly, global trade tensions might fuel economic uncertainty. The experts say that U.S. growth will average […]