Here's What Past Pandemics Foretell About the Post-COVID Economy

Historian Niall Ferguson, the Milbank Family Senior Fellow at the Hoover Institution at Stanford University, gives insights on COVID-19’s economic impact through lessons of the past: mainly the 1918 Influenza and the HIV/AIDS pandemic. He discusses inflationary risks of 2020, experiments on digital currencies in China, and the current scenario of coexisting with COVID without a vaccine.

“The problem is we can restart employment and infrastructure, but we cannot restart consumer demand,” Ferguson said. “Our social lives will be altered in the long run.”