By: Andrew Moran We obsess over the rich way too much. America’s millionaires and billionaires, from the ones who became successful by satisfying consumer demand to those who inherited their fortunes, have targets on their backs, especially in a society where envy is considered a virtue. Politicians of the leftist persuasion tap into this emotion and use […]
Austrian Economics
Are corporate buybacks as evil as the Democrats think they are?
Over the last year or two, there has been a Democratic barrage against corporate share buybacks. In 2018, there were $1 trillion buybacks, leading the left to claim that the tax cut was used to pocket the cash and exacerbate income inequality. As a result, Senator Chuck Schumer (D-NY) and Senator Bernie Sanders (I-VT) want […]
Week in Review: January 28 to February 3
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 AMERICA: The U.S. to be a net energy exporter for first time in 70 years Capital vs. Labor: Ben Shapiro destroys socialist student on economics WATCH: Is […]
Random Friday: Cory Booker 2020, S&P 500, Asian men
News Story of the Day: Senator Cory “Spartacus” “Rule Breaker” Booker (D-NJ) is unsurprisingly running for president in 2020. According to reports, Senator Booker is mustering up support in Washington ahead of his official announcement. He will make the announcement on Friday, promising that he will not take any campaign donations from federal lobbyists or […]
Week in Review: January 21 to January 27
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: China braces for corporate bond defaults in 2019 VANGUARD EFFECT: John Bogle was a ‘capitalist for the common man’ It’s been a bad month for CNN Ben Shapiro […]