• Niall Ferguson


August 13, 2023, Opinion: "I am old — I turn 60 next year. So I don’t believe in Santa Claus. I don’t believe in the Tooth Fairy. And I am pretty darned skeptical about Jay Powell's “soft landing,” too. I’ve seen enough Fed chairs over the years to know that managing monetary policy is not in the least like flying a plane. If the world’s pilots had the same success rate touching down as the world’s central bankers at achieving price stability, most of us would opt to drive or sail."