Every few years, finance unveils its next big thing. It is usually promoted as faster, safer, and smarter than whatever came before. Along the way, older forms of wealth, especially gold, are painted as relics. We saw it with Bitcoin. Its champions claimed it would replace gold, only for time to reveal that while the […]
The battle for the Federal Reserve’s independence has taken a decisive turn, and the markets are still sipping cocktails as though nothing is happening. Donald Trump has announced his (attempted) firing of Federal Reserve Governor Lisa Cook, citing alleged mortgage irregularities. Never before has a president tried to dismiss a Fed governor. It’s the sort […]
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