The Economic Rollercoaster – Part 1

Philip Coggan

More: The 10,000-Year Rise of the World Economy by Philip Coggan is a tour de force.

Published in 2020 this excellent book surveys how the world economy grew from ancient times and created wealth in a connected world.

For example, wool was sent from medieval England to be made into clothes in Renaissance Italy.

The economy works most efficiently in a free-trade world. Sellers get to sell at the best price. Buyers get to buy at the cheapest price.

This is now upended from 20 January 2025.

Tariffs on all nations who sell goods to the US. To avoid tariffs come to the US to set up your plants and manufacture goods in the US.

– President Trump to the world in Davos on 23 Jan 25.

Lwh
24 Jan 2025

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