Last week, former Secretary of State and likely 2016 Democratic nominee Hillary Clinton espoused a number of economic fallacies in just 35 seconds. Delivering a campaign speech in Washington State, Clinton stated a handful of economic myths that the crowd ate up. A couple of them were the whole equal pay for equal work hot […]
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Week in Review: Mar. 21 to Mar. 27
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: Will the ‘Ron Paul Rule’ haunt the Republican Party in its battle against Donald Trump? Goldman Sachs says Fed will have to raise interest rates four times in […]
Video: Milton Friedman on self-interest, personal gain
We all act in our day-to-day lives on self-interest. Whether you’re in the United States or China, a liberal or a conservative, everything you do on a daily basis is done on the idea of self-interest. The only difference is what’s the determination of self-interest. This is what legendary economist Milton Friedman talks about in […]
Demagoguery vs. Data on Employment in America
By: Tyler Watts Demagogue politicians love to play on popular fears that low-wage foreigners are “stealing” good paying American jobs by way of outsourcing and globalization. The claim is made by protectionists of all political stripes, whether leftists complaining of a “rigged economy” or rightists speaking of other countries “beating us” economically. A sound economic analysis […]
Chart: A look at U.S. median household incomes for ethnic groups
Is the United States a racist country? Are minorities victims? Are the various ethnic groups that enter the U.S. impecunious victims of discrimination? Are they being held back? If you ask the average person on the street many of them will answer “yes” to those questions. But the data suggest something completely different. Here is […]