It was Milton Friedman’s 107th birthday this week. While not perfect on everything, mainly on monetary policy, he was still an influential figure for the libertarian movement. He were around today, he would annihilate the mainstream media, both political parties, and the pillars of the establishment. Since we cannot see his insights today, we can […]
Austrian Economics
Environmentalists waste resources by claiming to conserve them through recycling
By: Lee Friday Writing for Postmedia News, Craig Kielburger is concerned that Canadians are (a) not sufficiently committed to the task of recycling bottles, cans, paper, plastics etc., and (b) not willing to purchase recycled products in sufficient quantities to allow recycling businesses to be profitable. While his concern for the environment appears genuine, Kielburger fails […]
As FOMC meets, how fast is too fast for Federal Reserve to raise interest rates?
By: Pavel Mordasov The US financial markets have recently experienced two milestones as the S&P 500 reached 3,000 on July 10th and the Dow Jones Industrial Average (DJIA) crossed 27,000 the next day. The immense rise in the equity market is a remarkable feat from its lows following the mortgage crisis where the DJIA hit 6,507, […]
As global economy slows, central banks hitting brakes on interest rate hikes
By: Andrew Moran In the last couple of years, it looked like the major central banks around the world were on their way to monetary policy normalization after nearly a decade of unconventional tools. We were led to believe by the smartest men in the room that interest rates would gradually rise to historical norms, […]
Week in Review: July 22 to July 28
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: Rand Paul calls Jon Stewart’s ‘abomination’ remarks ‘BS’ Jussie Smollett 2.0: Democrat says man told her ‘to go back where you came from’ – then changes story American, […]