McWilliams: Economic lessons from the age of the Pharaohs

McWilliams: Economic lessons from the age of the Pharaohs
US interest rate increase Pic: Getty

Joseph is the originator of the first ever sovereign wealth fund

The Pharaoh awoke petrified by a dream. None of his holy men could interpret it. The Pharaoh dreamed that he was standing by the Nile and that seven cows “attractive and plump” came and fed in the rich grass by the waters. But soon these beasts morphed into seven skinny, ugly cows and they proceeded to eat the fat cows. But having eaten the healthy ones, the cows remained skinny and ugly. The Pharaoh woke...

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