Paul Krugman has a lot of distinctions: Nobel Prize winner, New York Times blogger, bestselling author, and first-ever winner of a fake news award. Krugman has made many predictions in the past, including this hilarious comment in 1998 (SEE: 8 Paul Krugman quotes to laugh at): “The growth of the Internet will slow drastically…By 2005 or […]
Austrian Economics
IMF champions subzero interest rates, e-currency to spur economic growth
In recent years, central banks worldwide have adopted negative interest rates. Desperate for economic growth, the central planners believed they could encourage consumers to stop saving and start spending, so the gross domestic product (GDP) can surge and politicians can appear to be lifesavers. The talk of subzero rates has died down in recent months, […]
Elizabeth Warren to ‘cancel’ student loan debt, offer free tuition in $1.25 trillion plan
Desperate to gain traction in the polls, Senator Elizabeth Warren (D-MA) is appealing to debt-ridden students who are frustrated by the $50,000 tab they endured for studying lesbian dance theory and how all white people are literally Adolf Hitler. Writing in a blog post on Medium, the first-ever Native American senator and presidential candidate promised […]
BUTT OUT: Government’s war against cigarettes is counterproductive
By: Lee Friday Canada’s federal government wants cigarettes to self-extinguish when we stop smoking them, believing this will reduce incidents of death and injury from fires caused by careless smoking. Thus, since 2005 the government has mandated the use of reduced ignition propensity (RIP) materials in the manufacture of all cigarettes. However, the government’s high cigarette taxes […]
Week in Review: April 15 to April 21
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: Trump blames Federal Reserve for stocks not being 10k points higher Counterfeiting money is wrong – by both the Federal Reserve and private individuals 4D CHESS: Trump gets […]