After several Big Tech private companies colluded to censor Alex Jones and Infowars, the left suddenly became Hayekians and Friedmanites and defended the free market and private business. The left is right, though: private businesses can do what they want with their companies and the government should not intervene. Let’s hope they hold that same […]
Austrian Economics
Trump’s budget deficit nears $1 trillion – why they’re worse than you think
By: Mark Brandly Voters tend to be rationally ignorant. Since a single vote does not matter, for most potential voters the cost of being politically well-informed is greater than the benefit of being knowledgeable about political affairs. Therefore it’s rational for most voters to be ignorant regarding political issues. A main reason for the high cost […]
Week in Review: July 30 to August 5
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: Caterpillar, Coca-Cola to raise prices amid Trump tariffs REPORT: More millennials still living at home Doug Ford wants to slash Toronto city council in half – and that’s […]
Are trade deficits associated with higher levels of employment?
For years, even among eminent libertarians, it has been argued that trade deficits are associated with higher levels of unemployment. But is this true? The American Enterprise Institute (AEI) put together this chart that shows trade deficits are really connected with higher levels of employment. More from AEI: The chart above shows graphically the close […]
Ron Paul: Trump’s Tweets End the Myth of Fed Independence
By: Ron Paul President Trump’s recent Tweets expressing displeasure with the Federal Reserve’s (minor) interest rate increases led to accusations that President Trump is undermining the Federal Reserve’s independence. But, the critics ignore the fact that Federal Reserve “independence” is one of the great myths of American politics. When it comes to intimidating the Federal […]