AT the peak of the 1980s’ US inflation, Paul Volcker, then the Federal Reserve (Fed) chairman who stood at a towering height of 201 cm, made the extreme decision to hike interest rates to 20%.
DOES the name Medici of Florence strike a chord? If it does, it is not at all surprising, considering the family was an extremely prominent one synonymous with enormous wealth dating back to the 13th century.
IN the study of economics, most are familiar with the monetary aspect and place great importance on the gross domestic product or GDP of a nation. However, not everything is about money, income and wealth.