Great presentation below by economist Niall Ferguson:
Niall Ferguson is a contributing editor for the Financial Times and a regular contributor to Newsweek. As a Historian and economic expert, he contributes often to television and radio shows in the U.K. and the U.S. He has authored multiple books, among them best-selling book “The Ascent of Money: A Financial History of the World“, published in 2008. He is a Professor of History at Harvard University and Professor at Harvard Business School. He graduated from Magdalen College (Oxford University) in 1985. He was a Hanseatic Scholar in Hamburg and Berlin and a Research Fellow at Cambridge. He was then a Professor and Financial History at Oxford.
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The U.S. Federal Reserve is treading carefully with raising rates amid the widespread economic, macro and geopolitical uncertainties sweeping around the world. The Fed raised its target level as high as 20% in the early 1980s to deal with runaway inflation, but we're a far cry from that today — a time when inflation threatens Read More