The U.S. central bank is joining the financial equivalent of the Paris Agreement, becoming one of the last of its peers to do so.
Aristocratic protection is the name of the game.
If you live in Greece or Spain or even in parts of the United States, that nasty gurgling sound is the economy going down the drain. The official economy, that is -- the one that gets tracked by the accountants and tax officials and economists who feature in the media every day.
Just imagine how fast financial institutions, health care delivery, and public education would improve if leaders forced themselves to have their and their families' interests completely aligned with those of their constituents as well.