A simple matter of trade posturing or a full-blown trade war? How ever you try to spin it, the tit-for-tit retaliation isn’t working, and all of the parties involved are shooting more holes in the sinking boat. The latest comments from the administration may be the worst of all. Last week, The Wall Street Journal […]
Austrian Economics
Random Friday: Trump now dislikes low rates, social media anger, California debt
News Story of the Day: during the 2016 election, President Donald Trump repeatedly slammed the Federal Reserve for suppressing interest rates and keeping them too low for too long. He wanted to raise rates to benefit the American people, not Wall Street. That seems to have changed. He told CNBC: “I’m not thrilled. Because we […]
Week in Review: July 9 to July 15
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: EXODUS: Millionaires are leaving California following tax hike WATCH: Ron Paul talks NATO, North Korea – diplomacy or deception? U.S. box office posts record $3.3 billion in Q2 […]
Random Friday: Margin debt, black conservatives, Rothbard on tariffs
News Story of the Day: here is some bad news that’s reminiscent of the crash a decade ago: margin debt reached $669 billion in May, says the Financial Industry Regulatory Authority (FINRA). This represents a 2.9 percent from April, and the previous record was in January when it hit $665 billion. But here’s the kicker: today’s […]
Sorry, feminists, WNBA players are overpaid
By: Tho Bishop It is a credit to the economics profession that the labor theory of value has largely fallen out of style. There is, however, one sector of the economy in which it continues to be taken seriously: sports. The latest example of this economic fallacy emerged when A’ja Wilson of the WNBA’s Las […]