By: Ryan McMaken This week, the Commerce Department reported that consumer spending was heading upward, thanks in part to the strongest sales in six months for automobiles. For the automobile industry, that’s reassuring, but the larger trend points to a period of stagnation. In recent years, there’s been much speculation over whether or not Americans […]
Austrian Economics
Week in Review: April 16 to April 22
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: As Trump bombs Syria, will the anti-war Democrats please stand up? Trump: Russia, China playing ‘currency devaluation game’ is unacceptable Ron Paul: Trump’s Disastrous Syria Attack #TaxDay: 10 […]
Random Friday: Trump targets OPEC, income taxes, Kashuv on Obama
News Story of the Day: President Donald Trump is tweeting again, and this time he is targeting the Organization of Petroleum Exporting Countries (OPEC). With the price of crude oil nearing $70 per barrel, Trump is unhappy about it, blaming OPEC for the sudden jump. He wrote: “Looks like OPEC is at it again. With […]
A Trade War May Trigger the Rise of Chinese Nationalism
By: William Hongsong Wang The possible trade war between China and the United States has become one of the hottest topics in the recent international news, though officially the trade war has not started yet. Economic theorieshave already told us that free trade can benefit the individuals among different countries; and on the contrary, tariffs can make them […]
#TaxDay: 10 quotes to commemorate this tragic day
Tax Day 2018 is finally here. It’s a day to realize that you’re spending a great portion of your life giving money to the government, though as Chris Rock once joked, you don’t pay because the state takes. To commemorate Tax Day, let’s look at some of the greatest quotes about taxation: “One thing is […]