Niall Ferguson - I am struggling to see that good trends outnumber bad ones...
... in the way that Summers and Pinker suggest.
The planet keeps getting warmer
The world’s population keeps growing
In the US life expectancy is declining
Donald Trump could well be the Republican nominee in 2024
OK, I know, there are some good trends. For example, the unit costs of photovoltaics and batteries for electric vehicles have fallen substantially over the past two decades.
How is the trend in inflation around the world in any sense good? Thirty-seven countries now have double-digit inflation rates
Judged in terms of the growth rate of the money supply, the Federal Reserve made a bigger mistake last year than at any point between 1968 and 1979.
Increased conflict, ranging from proxy wars such as the one raging in Ukraine, to the risk of a full-blown nuclear Armageddon over Taiwan.
Niall Ferguson Bloomberg 2 oktober 2022
Gazprom Halts Gas Supplies to Italy
Bloomberg 1 oktober 2022
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