By Niall Ferguson (original source The Times)
“Contrary to popular belief, money isn’t everything in American politics. In 2016, Hillary Clinton’s campaign spent roughly twice as much as Donald Trump’s. She won the popular vote but lost in the Electoral College.
So the mere fact of former New York City mayor Michael Bloomberg’s vast wealth —he’s worth about $64 billion ― by no means guarantees that he will be the 2020 Democratic presidential nominee, much less that he will defeat Trump.
Indeed, being a billionaire may actually be a disadvantage in this year’s Democratic contest. After all, the front-runner in the opinion polls is now the Democratic socialist Senator Bernie Sanders of Vermont. The mood among activists seems even more radical this year than in 1972, when George McGovern was the nominee — though he was much more of an anti-war candidate than an anti-capitalist one. Coastal elites, curb your enthusiasm.”
Click here to read more
Mike Pence says “time has come” for Trump administration to release “all” Epstein files
The Trump administration is facing criticism from some within the MAGA movement for its handling of the Jeffrey Epstein files. Former Vice President Mike Pence…
Thought Leader: Mike Pence
Chris Miller: U.S. firms remain ‘meaningfully ahead’ of Chinese competitors on AI chips
Chris Miller, Tufts Fletcher School associate professor and ‘Chip War’ author, joins ‘Squawk Box to discuss news of Nvidia resuming sales of its H20 general…
Thought Leader: Chris Miller
Loretta Mester: Firing Fed Chair Powell would be a “terrible idea”
Loretta Mester, Fmr. Cleveland Fed President, joins ‘Fast Money’ to explain why she believes firing Jerome Powell would have a negative impact on the economy.…
Thought Leader: Loretta Mester
Niall Ferguson Breaks Down “War and Peace”
Thought Leader: Niall Ferguson
Niall Ferguson: AI’s Great Brain Robbery
Thought Leader: Niall Ferguson
