The Week That Matters (21-25 August, 2023)

"It's the Fed's job to bring inflation down to our 2% goal, and we will do so." Powell

What We Get Wrong About Austerity

The Japanese don’t just copy things from overseas; they frequently make them better. The shopping experience is a great example. The Japanese delegations who visited Europe when Japan opened its borders to foreigners in the late 19th Century, after 200 years of self-imposed isolation, loved what they saw at Harrods in Lo…