Forty-five years ago, a laid-back meteorology professor at MIT, Edward Lorenz, posed a question that would spark debate for decades. His simple question, “Does the flap of a butterfly’s wings in Brazil set off a tornado in Texas?” has been applied to every modern debate from climate change to politics. While those are lively topics of discussion, we are students of economic policy. It’s here, in the world of finance, that we can see the … read more Newsletter #178—The Great Experiment