Mastering the Money Illusion
The environment of financial repression is here to stay, but the diversified long-term investor will protect their wealth if they adjust their plans accordingly, writes Daniel Moroney
The legendary economist Irving Fisher is perhaps best known for his infamous statement that the stock market had reached “a permanently high plateau”; words which he uttered just days before the onset of the Great Crash of 1929.
This legacy is most unfair, as Fisher was one of the finest minds of his era and he made many significant contributions to the development of macro-economic theory.
For the purposes of this article, I ...
