Who Will Read Niall Ferguson’s Doom? ...Middle East

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Who Will Read Niall Ferguson’s Doom?
In November 2006, Niall Ferguson traveled to the Bahamas. Then a professor of history at Harvard, he had been invited to address Morgan Stanley’s swank annual gathering for investors in Lyford Cay, a 1,000-acre gated community (and tax shelter) of 450 homes in the British Colonial style. Ferguson implored his audience to consider the possibility that boundless liquidity might not last forever. The crowd was “distinctly unimpressed,” he recalled. Months later, the financial system seized up precisely as Ferguson had warned.A little more than 13 years later, history repeated itself at higher altitude. In early 2020, Ferguson—now a senior fellow at Stanford’s conservative Hoover Institution plu

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