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: ‘THEY NEVER WANT TO LEAVE’: Trump slams military-industrial complex TRADE WAR: Sluggish global economy could erase $600 billion by 2021 What the Smoot-Hawley tariffs can teach us about […]
Austrian Economics
TRADE WAR: Tariffs Are Attacks on Property Rights and Freedom
By: Per Bylund Rothbard wrote in the Libertarian Forum (v. 1, p. 184) that “… libertarians, if they have any personal philosophy beyond freedom from coercion, are supposed to be at the very least individualists.” Indeed, libertarianism holds high the rights and responsibilities of the sovereign individual: the right to self and to justly acquired property […]
HYPOCRISY: Kamala Harris pays women less than men, report says
Female leftists are always screeching about the debunked gender pay gap, decrying that businesses are discriminating against women by paying them less because of muh patriarchy. Now one candidate for president wants to penalize companies that pay women less than men. Senator Kamala Harris (D-CA) proposes a plan that would mandate companies apply for a […]
What the Smoot-Hawley tariffs can teach us about today’s trade war
By: Andrew Moran The Great Depression was a case study in government intervention exacerbating a recession. Rather than allowing the economic storm clouds to wash away excess, malinvestment, and credit of the 1920s, the state interfered with the laws of economics and unleashed a tsunami of big government measures that changed the fabric of the […]
Random Friday: Credit card rates, tariffs raising prices, Thomas DiLorenzo on CEO pay
News Story of the Day: Credit card rates are at their highest levels in history, says a new report from the Federal Reserve. According to the numbers, Americans pay about 17% on average in interest on credit cards. This could explain the disappointing retail sales figures from April, which highlighted that shoppers were spending less. […]