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R.I.P. Interest Rates

While investors may be breathing a sigh of relief, over the long term, the Fed’s decision to keep interest rates low will have disastrous consequences.

Lessons From a POW

As a former POW, Robert Radford tells a fascinating tale in his essay “Economic Organisation of a P.O.W. Camp” of how economies work. But what stands out most – and what is truly valuable for today’s investors – is his commentary on the camp’s “currency.”