News Story of the Day: Say what you want about this generation, but the data suggests that today’s wealthiest Americans are getting younger. According to Bloomberg, Americans with a net worth of $25 million or more are getting younger as the average age is 47. The wealth appears to be a mix of self-made fortunes and […]
Austrian Economics
Ron Paul: Hey, Donald Trump, fire the Federal Reserve
By: Ron Paul President Trump’s frustration with the Federal Reserve’s (minuscule) interest rate increases that he blames for the downturn in the stock market has reportedly led him to inquire if he has the authority to remove Fed Chairman Jerome Powell. Chairman Powell has stated that he would not comply with a presidential request for […]
Week in Review: January 14 to January 20
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: Paul Krugman now champions budget deficits as Democrats retake House Leftists hint Tulsi Gabbard is an Islamophobic, white nationalist Campaign finance reform only helps special interests CNN portrays […]
Random Friday: China trade, lobbyists, CNN/BuzzFeed
News Story of the Day: If the reports are true, then it could achieve what President Donald Trump wants. According to Bloomberg, China is offering to purchase $1 trillion a year in U.S. goods over the next six years. By buying this much US imports, the world’s second-largest economy would reduce the trade gap from […]
Karl Marx’s 10-point checklist for a communist society
Communism is fashionable again. The hip kids are sporting Che Guevara t-shirts, reading “Das Kapital,” and calling themselves Bernie Bros. That said, is the United States on the verge of becoming a communist state? While there are aspects of the country that is socialist or at least leaning towards socialism, it is still relatively dominated […]