The Week That Matters (19-23 Aug, 2024)

"An imbalance between rich and poor is the most fatal ailment of all republics" Plutarch

The 2020s: An abundance of capital?

The Fed Chair, Jerome Powell, has hidden behind “data dependency” for far too long. It has meant he hasn’t needed to make a decision based on foresight. We will now see it was a mistake. Interest rate policy works with a lag. That’s Econ 101, no?

The author thinks Powell will go down as one of the worst Fed chairs in hi…