Economic Bubble

by Michael Snyder “When the people find that they can vote themselves money that will herald the end of the republic.”  That is a direct quote from Benjamin Franklin, and it has turned out to be quite prophetic.  Today, most of our politicians are socialists whether they accept that label or not,…

“When the people find that they can vote themselves money that will herald the end of the republic.”  That is a direct quote from Benjamin Franklin, and it has turned out to be quite prophetic.  Today, most of our politicians are socialists whether they accept that label or not, and…

May 19, 2020 at 19:21 UTCUpdated May 19, 2020 at 19:33 UTCEverett Historical/Shutterstock.com‘Minsky Moments’ and the Financial History of PandemicsAs a wobbly recovery tries to take hold, was the coronavirus pandemic simply the pinprick on a larger economic bubble? For more episodes and free early access before our regular 3 p.m. Eastern…

By Michael Snyder The last recession was really, really bad, but it was never like this.  It is time for us to face reality, and that means admitting that the U.S. economy has plunged into a depression.  This is already the worst economic downturn that America has experienced since the…

Authored by Michael Snyder via The Economic Collapse, The last recession was really, really bad, but it was never like this.  It is time for us to face reality, and that means admitting that the U.S. economy has plunged into a depression.  This is already the worst economic downturn that…

The Japanese pop artist Hiroshi Nagai, who painted the cover art for Light In The Attic’s new city pop compilation Pacific Breeze 2, once told Kaput that he was heavily influenced by an ad for a swimming pool cleaner in an old copy of House & Garden. He was gripped…

The last recession was really, really bad, but it was never like this.  It is time for us to face reality, and that means admitting that the U.S. economy has plunged into a depression.  This is already the worst economic downturn that America has experienced since the Great Depression of…

Authored by Michael Snyder via The Economic Collapse blog, Many have been warning for years that our economic bubble would eventually burst and that a collapse was inevitably coming, but the ferocity of this new economic crisis has caught just about everyone off guard.  And even though some states have…

The takeaway quote from the Green Party’s first experience of coalition government was that uttered by the late Séamus Brennan during negotiations in 2007: “Ye are playing senior hurling now.” It has often been repeated. For the Greens, if it were only senior hurling, it might have been alright, even…

Many have been warning for years that our economic bubble would eventually burst and that a collapse was inevitably coming, but the ferocity of this new economic crisis has caught just about everyone off guard.  And even though some states have been attempting to “reopen” their economies in recent days,…