This week’s Financial Times article on Ireland’s economic model struck a chord with us. It told a story we know well: a small nation punching far above its weight thanks to US multinationals, low corporate taxes, and a business-friendly ecosystem. Ireland transformed from post-crisis austerity to eye-watering surpluses. But as the FT soberly points out, […]
What Gold Reveals About the Federal Reserve and the Fragility of Modern Finance
This week, the Federal Reserve held interest rates unchanged for a fifth consecutive meeting. While the markets anticipated the decision, they reacted sharply to the nuance (If it can be called that) in Jerome Powell’s post-meeting remarks. Two Federal Open Market Committee members, Michelle Bowman and Christopher Waller, broke from consensus and called for rate […]
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