By: Stefan Gleason Uncle Sam is going broke. That’s not exactly news – at least not to anyone who has been paying attention to the sorry state of federal finances. Yet to most Americans, the ballooning national debt ($22.3 trillion and counting) isn’t a problem that impacts their daily lives. They won’t directly perceive the […]
Austrian Economics
Week in Review: June 10 to June 16
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: Tucker Carlson incorrectly targets Austrian economics, libertarian ideologues China adds to gold reserves amid U.S. trade war WATCH: How white liberals, Elizabeth Warren, SJWs act Paging Murray Rothbard […]
New York to implement new rent controls that will hurt the poor
Rent control laws are some of the egregious and idiotic policies ever devised by the central planners. Designed as a way to alleviate skyrocketing rents, the initiative accomplishes one thing: New Yorkers can’t pay skyrocketing rents because they can’t find a place to live. Moreover, rent controls lead to housing shortages and dilapidated conditions. That […]
SOCIALISM: Cuba starts rationing food as socialist economy plummets
By: Jose Nino While it is fashionable to talk about Venezuela and its notoriousshortage of basic goods such as toilet paper, flour, and milk Cuba is now implementing a rationing program to combat its very own shortages of basic goods. A CBC report indicates this program would cover basic items such as chicken, eggs, rice, beans, and soap. What has […]
Paging Murray Rothbard – Koch brothers funding Democrats who back free trade
Legendary economist Murray Rothbard was famous for working with a whole host of organizations and movements if they supported a cause he did. So, for example, if the communists were anti-war, then Rothbard would attend these meetings and give speeches. Of course, Rothbard would not be sympathetic toward communism, but to a particular issue like […]