On Feb 28, 2018 we posted a blog titled, “Coin of the Realm”, in which we suggested that legal tender is what the government says it is and governments don’t like competition. Recently, Facebook announced plans to introduce Libra, a permissioned blockchain digital currency. The project, currency and transactions are to be managed and entrusted […]
Read MoreFor the last several years, there has been an increase in the political rhetoric relative to wages, and more specifically, the national minimum wage of $7.25 per hour, which was last changed in 2008. However, there has been some movement by state and municipal governments to establish local minimum wage rates at levels well above […]
Read MoreA February 4, 2019 article in the Wall Street Journal titled How to Invest When Markets Are Down noted that “If you have a lump sum to invest, rather than a small amount each month, you may be better off investing it all at once, mainly because keeping it on the sidelines in cash while […]
Read MoreThis is the title of a recent Wall Street Journal article written by Walter Russell Mead. It is not practical to attempt to summarize Mr. Mead’s comments, but the underlying theme of his position is, “low energy prices enhance U.S. power at the expense of Moscow and Tehran”. We have previously looked at the potential […]
Read MoreIn retail sales, as defined by Wikipedia, first, customers are “baited” by merchants advertising products or services at a low price, but when customers visit the store, they discover that the advertised goods are either not available or are not as good as expected, or the customers are pressured by sales people to consider similar, […]
Read MoreRecently reported employment data suggests that there are now as many unfilled job openings (6.55 million), as there are unemployed Americans (6.59 million). This is the narrowest gap, between available jobs and those seeking jobs, in nearly 20 years of record keeping. At the same time, workforce participation rates remain near record lows. This is […]
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