The Minimum Wage

A line cook making $15/hr would double the cost of a meal at McDonald’s, but somehow their CEO making $18 million plus has no impact? Whatever happens, we need a rationale debate on this. Enough noise from the red-necks and social-justice warriors in the cheap seats.

Political Lies and Business Lies

From MoneyStuff today: One point that I often make about the U.S. legal system is that lying about financial matters is quite broadly and severely criminalized—basically any sort of dishonesty having anything to do with money is arguably wire fraud—but lying about politics is common, legal, and frankly encouraged. If you sell knickknacks on the internet and …

Elections, and Predicting the Stock Market

Lol at this from Bloomberg: The S&P 500 will plunge 25% if the Democrat becomes president, says Paul Tudor Jones, the hedge fund manager. Discovery Capital Management founder Rob Citrone says she’s “the single biggest risk for the market” and calculates the downside at up to 20%. Billionaire Leon Cooperman told CNBC earlier this month that the …

Farm Bailouts

Per Bloomberg: At $28 billion so far, the farm rescue is more than twice as expensive as the 2009 bailout of Detroit’s Big Three automakers, which cost taxpayers $12 billion. I’m so tired of winning!