Minimum Wage
Free Trade vs. Protectionism
Competition and Monopoly
Nation, State, and Economy
Is 2019 the New 2006?
Capital markets exhibit some nervousness about the growing possibility of an economic crisis brewing that will ultimately affect the global economy. Recent increases in the prices of gold (+11.7 percent in May and June) and Bitcoin (+93.3 percent in May and June) are a sign of that nervousness. The Federal Open Market Committee’s most recent decisions and its members’ statements forecast cuts in the Fed’s benchmark rate despite the fact that unemployment in the US is at its lowest since 1969 and inflation is below the 2 percent target.