Financial MarketsGlobal EconomyMoney and Banking
If the world gets into a currency war — with the assault on wages and savings that devaluation entails — no one wins.
Free MarketsLabor and WagesU.S. Economy
Last week Business Insider referenced a study to defend NYC's minimum wage law. Neither holds up well upon any sort of serious analysis.
Money and BanksMoney and Banking
The US dollar came to rule the world in the wake of two world wars. But back then, the dollar's hegemony was based on a solid foundation of savings and capital accumulation. But today, the dollar's growth is based on huge piles of debt.
Trump seems to want a smaller trade deficit, and increased net capital flows into the U.S. at the same time. But he can’t have both.