21: Niall Ferguson - Deciphering Today's Political and Economic Complexities Through a Historic Lens - Podcast part 1. Pandemics, debts, inflation and Bitcoin.

Money Maze Podcast

Business, Investing, Management, News, Business News

4.8 • 216 Ratings

🗓️ 3 December 2020

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

We are thrilled in this episode, to share a discussion with Niall Ferguson, one the world’s greatest historians, authors and commentators. Niall is a Senior Fellow at the Hoover Institution, Stanford University, as well as current or past lecturer at Harvard, Oxford, LSE and visiting professor at Tsinghua University, Beijing.

In this first of two podcasts, this conversation gives the listener an opportunity to hear how Niall Ferguson analyses the current pandemic when compared with the historical precedents of other catastrophes. He talks about failure of many western Countries to learn lessons from those, many in Asia, who acted with coherent policies, and where the fault lines lie. This gives a taste for his upcoming book Doom & The politics of Catastrophe

This conversation then moves to the monetary responses of the financial authorities. He discusses the issue of debasement of money, explosion of debt and the inflationary implications of such episodes, as well as mechanisms to remedy these unsustainable imbalances. Niall assesses the merits of bitcoin, gold and those countries like Italy, for whom the debt trap is immense.

Transcript

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1:08.4	Thank you for listening.
1:11.5	We're delighted to announce our first sponsorship with Bramont, an award-winning British
1:16.5	company that produces beautifully engineered chronometers, designed to appeal to those who share
1:22.0	the passion and appreciation of the innovation and mastery behind a beautiful mechanical wristwatch,
1:28.6	brought to you by our title partner, the luxury British watchmaker, Vermont.
1:35.3	I should like to quote the New York Times that wrote a view,
1:39.1	if the American economy cranked out goods as prolifically as Neil Ferguson does history,
1:46.6	we might not be in half the fix we are now.
1:51.6	He's like the brightest kid in the debating club, the one who pulls all nighters in the library,
1:58.8	and ferrets out facts no one thought to uncover. So Neil, I want to open with saying how thrilled both Will Campion, who you've known for many years and is the
2:01.4	co-founder of the Money Maize podcast and I are to have you on the show. Thank you so much for making
	...

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