Boom Bust Season 1 Episode 54 Mike Shedlock and Jim Bruce On the US, the Fed and the Minimum Wage

Mike Shedlock and Jim Bruce join Boom Bust to discuss their perspectives on the current state of the US economy, the Federal Reserve's policies, and the minimum wage debate. As two renowned financial experts, Mike Shedlock and Jim Bruce analyze the economic situation in the US and provide valuable insights.

Shedlock, the founder of the popular blog "Mish Talk," is a well-known advocate for free-market economics, and his analysis of the US economy is always well-researched. Shedlock delves into the current economic situation in the US, analyzing the factors that have contributed to the economic slowdown in the country. He also discusses his views on the Fed's monetary policies, including the debate around negative interest rates.

Jim Bruce, the director of the documentary "Money For Nothing: Inside the Federal Reserve," shares his unique perspective on the Federal Reserve and their policies. Bruce's documentary takes an inside look at the Fed's activities during the financial crisis of 2008, and he shares insights on the monetary policies of the central bank. Bruce also discusses the current state of the US economy and his thoughts on the minimum wage debate.

The episode explores the controversial topic of the minimum wage and its potential impact on the US economy. Shedlock and Bruce delve into the history of minimum wage laws in the US, analyzing the impact that the increased minimum wage could have on small businesses and the economy as a whole. The two experts provide their takes on whether or not raising the minimum wage would be a solution to income inequality and poverty.

The conversation also covers the ongoing global economic issues, such as the COVID-19 pandemic, the US-China trade war, and the future of the global economy. Shedlock and Bruce analyze the impact that these issues could have on the US economy in the future and provide their thoughts on the best ways to mitigate the potential risks.

Overall, the episode is a thought-provoking and insightful discussion on the current state of the US economy and the policies that are being implemented to address the challenges facing the country. Shedlock and Bruce provide valuable perspectives on the Fed's policies, the minimum wage debate, and the potential risks and challenges facing the US economy in the future.