The united states is heavily reliant on international confidence for its current economic plans. The six trillion dollars or so of spending that the biden administrations announced this year ar that a pretty large chunk of us. We are going to exceed the post 19 forty five debt to g d p ratio very shortly, if we haven't already. A lot of this depends for its er viability on the us Dollar and the us Tenure treasury remaining the dominant currency and risk free security.
Disasters are inherently hard to predict. Pandemics, like earthquakes, wildfires, financial crises, and wars, are not normally distributed; there is no cycle of history to help us anticipate the next catastrophe. In this episode, Michael Shermer speaks with one of the world’s most renowned historians, Niall Ferguson, who explains why our ever more bureaucratic and complex systems are making us worse, not better, at handling disasters.