“In other words, … an ounce of prevention is worth a pound of cure. So, I think that is a valid way to think about policy in this era.” & Jerome Powell, 1953 – present, Chairman of the Federal Reserve
Caught Between a Trade War and Interest Rate Cuts
As one of the world’s greatest military leaders and governor of the Roman province of Gaul (modern-day France and Belgium), Gaius Julius Caesar (100 – 44 B.C.) conquered most of Western Europe and extended Rome’s territory all the way to Britain. His military might, political savvy, and diplomatic genius made him tremendously popular among the Roman citizenry.
Meanwhile, his political enemies in the Roman Senate, then the republic’s most important political institution, were alarmed by Caesar’s unrivalled power and influence, and demanded his recall. When his second 5-year term as governor was coming to a close in 50 B.C., they ordered him to disband his well-trained legions and return to Rome.