News Story of the Day: Federal Reserve Chair Jerome Powell delivered a speech at the annual Jackson Hole, Wyoming symposium, where he essentially confirmed that the central bank will raise interest rates and normalize monetary policy because the economy can handle it. President Donald Trump will not be happy about this. Here is what Powell […]
Austrian Economics
WATCH: John Stossel burns Bernie Sanders’s digital media empire
You may not have known it but Senator Bernie Sanders (I-VT) has a digital media empire. It’s true. Sanders posts videos every few hours that showcase misleading, economically-ignorant, and factually incorrect clips. John Stossel made Bernie Feel the Bern with this superb special that sheds light on the socialist’s empire:
What does Paul Krugman get wrong about Denmark?
By: Daniel Mitchell Paul Krugman has butchered numbers when writing about fiscal policy in nations such as France, Estonia, Germany, and the United Kingdom. Today, we’re going to peruse his writings on Denmark. Here’s some of what he wrote earlier this month. Denmark can teach us…about the possibilities of creating a decent society. …Denmark, where tax receipts are 46 percent of GDP compared […]
Week in Review: August 13 to August 19
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: Inflation Alert: Movie tickets to bubble wrap – consumer prices expected to spike Is it sexist to ask a politician to debate? Ocasio-Cortez thinks it is Ron Paul: […]
Donald Trump: U.S. ‘was built on tariffs’
President Donald Trump is trolling the public again on Twitter, attempting to perturb the pro-trade, anti-tariff crowd – or so it seems. On Wednesday, President Trump tweeted that the U.S. was founded on tariffs: Our Country was built on Tariffs, and Tariffs are now leading us to great new Trade Deals – as opposed to […]