Organized Devaluation

Interest rates are suddenly nearing 5%. It’s been the fastest, most aggressive rate hiking campaign in 40 years. And it may still have further to run.

Chiswick, London

February 8, 2023

This weekend, I zoomed out a little. 

Instead of focusing on the latest news and data as I normally would…

I read a 500-page textbook on the history of economics. The fi…