A floating loon is a thing of beauty, and so is a floating loonie, at least from this economist’s perspective. Our job is to understand the context, and adjust short-term interest rates to meet our inflation target. That job is tough enough.
Nevertheless, its usual portrayal, as a clash between East and West, overshadows some of the finer details, notably the bitter conflict and dissent between the allied Greek city-states, right up to the eve of the battle.