By: Onar Am One of the dreams of those who take catastrophic anthropogenic climate change seriously has been to suck CO2 out of the air and deal with it safely. The cost of such decarbonization has so far been astronomic at more than $600 per ton of carbon, but recently Canadian company Carbon Engineering announced that it […]
Austrian Economics
Week in Review: July 1 to July 7
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: Saudi Arabia’s purchasing of U.S. government debt soars in 2019 Uh, CNN? Antifa brutally assaults journalist, old man Art Laffer wants Congress to control printing press, questions Fed […]
Random Friday: 224k new jobs in June, trade deficit, media defends Antifa
News Story of the Day: The United States economy enjoyed another strong month of jobs gains. The Bureau of Labor Statistics (BLS) reported that the U.S. created 224,000 jobs in June, up from the previous month’s 74,000. The market had expected 170,000 jobs. The unemployment rate edged up from 3.6 percent to 3.7%, mainly because […]
‘Tax me more!’ is code for ‘Raise the other guy’s taxes!’
By: Gary Galles As has happened during every recent presidential campaign that might result in higher taxes on “the rich” (i.e., every one with a Democratic candidate), some of the 1 percent (or the .1 or .01 percent) have come out in favor of “taxing me more,” in the name of paying what they think […]
Should Andrew Yang fear inflation over automation?
By: Per Bylund It is not automation that scares people, it is inflation. Might sound odd, but what I mean is that the promise of a fully (or at least a more extensively) automated future seems like a threat because modern currencies are fundamentally inflationary. When we work and save, the purchasing power of our […]