Debt is gold. So, excess debt means big wealth for the elites of the world. Recessions push more wealth to the top. So, it seems to be working. The questions are: when will it end, or will it end?

Edward Lambert would argue that labor is weak, that even at full employment, it simply cannot command higher wages. So far that seems to be true. It seems to defy the laws of supply and demand. But I just wanted to post this to say that I don't believe that interest rates are tied to wages, except how they are used to slow the economy. If the economy is slowed there becomes more slack in the labor supply. So, I am saying that the Fed, based on my chart in my second comment, shows that wages rise and then recession comes. That should not happen according to supply and demand either. You would think putting more money into the hands of workers would have the opposite effect, that it would cause a boom not a bust. But the FRED chart does not lie. Bust always comes and IMO it is the Fed's doing.

Cohn criticized a hesitant, even racist, response by Trump to Jewish people being called out just for being Jewish. If Trump can't handle that he is a child and a petty little man.

But even #Fischer didn't try helicopter money. He was a typical monetarist, scared to be a monetarist. So Austrian economists should not gloat about his failures. His failures were based on fear of really using monetary policy. As Kyle Bass said, helicopter money is the only way out and we don't have that. We have sterilized monetary policy, hardly expansionary.

Bonds are the new gold, John. So, not sure about gold replacing Crypto. But clearly, crypto is on the run a bit as you say.

You didn't read my article Otto. Fear the self driving cars: www.talkmarkets.com/.../top-ten-reasons-self-driving-cars-are-useless

The article is missing. Not saying it is unpublished, just missing. BI takes both sides of the issue. And that article was a clear path to a living wage. But Nick Hanauer agrees that anti minimum wage people are lame: www.businessinsider.com/minimum-wage-effect-on-jobs-2016-5 But stats don't lie. Trickle down does not work. Workers need more money in their pockets. I wrote about it with a chart, Dick. Truth is, suppressing wages appears to be just another giant Fed scam: www.talkmarkets.com/.../kashkari-reveals-dark-secret-fed-plan-for-wages Wages go up and the recession is sent to us by the Fed. It is counterintuitive. Workers making more should prevent a recession, not the other way around. But the Fed brings the recession anyway, to further the greed of capitalism.

Bill, you didn't study. Business Insider did a great piece a few years ago showing raising wages at fast food restaurants would not push up the price of burgers by very much. That proved to me that you have not proved that a living wage is not doable. It is very doable, and you shouldn't be the one to complain. The system has treated you well.

Poor poor banks. Credit unions eating your lunch? You don't lend much anyway, so credit unions are important to many Americans. Can't say that about banks.

Eventually, capitalism will devour labor. Trump tax cuts could make it even worse. Why capitalism does not want labor to flourish seems to be a function of globalization. But slowing of labor's discretionary income could bring on the recession. Automation may contribute to this weakness as well as a lack of unions.