Doom: The Politics of Catastrophe by Niall Ferguson review
(Evening Standard) – From plagues and volcanic eruptions to the current Covid pandemic, mankind has always been faced with catastrophes.
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Peter Zeihan: The Future of US Monetary Policy
When a country’s monetary policy begins to resemble the likes of Venezuela and Turkey, it might be a good time to pump the brakes.
Trump and his Treasury Secretary have called for reform in the Federal Reserve, claiming the Fed has failed. The conversation is a good one to have, but the monetary policies suggested by Trump are just foolish. He has called for the firing of the Fed Chair and wants to force interest rates down to 1%…all for the sake of political gain. If we wanted inflation, asset erosion, and to damage our economy in the long-term, that would be a good way to get there.
The US has long prioritized keeping inflation low, even if that meant slower growth, because it would protect economic stability in the long run. But the global economy is shifting. Deglobalization and the demographic crunch are going to wreck traditional economic models. So, a conversation around what’s coming and how to handle it is worth being had. We just need people who are chasing meaningful change, instead of cheap credit for political gain.
Peter Zeihan is a geopolitical strategist, which is a fancy way of saying he helps people understand how the world works. He combines an expert understanding of demography, economics, energy, politics, technology, and security to help clients best prepare for an uncertain future. With a keen eye toward what will drive tomorrow’s headlines, his irreverent approach transforms topics that are normally dense and heavy into accessible, relevant takeaways for audiences of all types. To host him for a speaking opportunity, contact WWSG.
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