Kudos to Trump for being willing to talk about the elephant in the living room: the U.S. national debt and the likelihood of defaulting on that debt because of an inability to pay.

Now that he apparently has secured the nomination, Donald Trump has joined with Democrat rivals Hillary Clinton and Bernie Sanders in supporting an increase in the minimum wage.

In a microcosm Puerto Rico looks very much like the United States might in just a few years, and for the same reasons.

 

 

A survey conducted by Harvard University indicates that a majority of Millennials do not support capitalism. While the results may be troubling, however, some contend that the Millennials’ antipathy toward capitalism is misplaced frustration at the crony capitalism, corporatism, and socialistic systems that have hijacked a once free market. Furthermore, the study’s findings may simply underscore what has already been revealed in previous surveys — that Millennials do not actually know what capitalism or socialism mean.

After driving interest rates into the negative in numerous countries around the world and despite being charged with reducing systemic financial risk, central banks around the world are speculating in risk to improve their portfolio returns. The irony of aiding and abetting yet another financial bubble is apparently lost in the equation.

 

 

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