By: Joseph Salerno Bloomberg reported this week that the Trump Administration is considering Judy Shelton for one of the two vacant positions on the Federal Reserve Board of Governors. The good news is that Ms. Shelton is not a technically trained academic economist, indoctrinated in the prevailing orthodoxy. She holds a doctorate in business administration from the University of […]
Austrian Economics
California’s higher minimum wage already killing job growth
By: Andrew Moran President Ronald Reagan once quipped that the most dangerous words in the English language are “Hi, I’m from the government, and I’m here to help.” It’s a joke that provides tremendous insight into the minimum wage subject, suggesting that good intentions do not translate well into effective public policy. No matter how […]
How ‘scholar activists’ push students to socialism
By: Chris Calton After the collapse of the housing market in 2008, professional historians gave birth to a new sub-field of history usually referred to as “the new history of capitalism.” Economic history is hardly novel, but the new history of capitalism takes the approach that capitalismis the “thing” that needs to be explained. In the […]
Week in Review: May 6 to May 12
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: OUT OF NOWHERE: Donald Trump hikes tariffs on Chinese imports to 25% ‘BERNIE SPEAKS’: Archive of socialist’s public access show released online Ron Paul: Is a war in […]
Random Friday: U.S.-China trade war, birth rates, CNN rejects science
News Story of the Day: Let the new front of the U.S.-China trade war commence! President Donald Trump’s 25 percent tariffs on $200 billion worth of Chinese imports will go into effect today. What this means for the trade discussions remains unclear, but we do know that American consumers will pay the price as they […]