Insanity in individuals is rare, but in groups, parties,
nations and epochs, it is the rule, according to Nietzsche.
Individually we think we're smart: in aggregate we move with
the herd. As a quote, it probably does quite well to describe
our current economic and financial state of affairs too.
Perhaps nobody really knows what's going on. The Federal
Reserve's 2016 annual conference in Jackson Hole, Wyoming,
might have been the place to find some answers. Instead, it's
created more questions over whether the Fed should exceed its
two percent inflation target, and whether it can...