Macbeth wasn’t just a tragic hero—he was an overleveraged economy. Fueled by speculative ambition, guided by unreliable forecasts (three witches, aka the medieval S&P 500), and driven to secure short-term growth at the cost of long-term governance, Macbeth functions as a cautionary tale in both literature and macroeconomic policies. Like many leaders during a bull … Continue reading The Macbeth Model: When Power Grows Faster Than Policy.