Here in the midst of the Coronavirus Pandemic and attached economic crisis, it seemed a good time to read Ben Bernanke’s memoir of the Panic of 2007-2008. Like most of the economics history books I’ve read and posted about, the stories are interesting but the writing quite dry. Too many words devoted to unnecessary details. But ideas that are well worth remembering and learning from...
“How in the world [is Africa] going to deal with this? We didn’t plan for disease. They are putting dead bodies in the streets” – Melinda Gates When Melinda Gates, co-creator of the world’s largest foundation, largest non-government philanthropist for healthcare and hunger doesn’t know of a solution, there is no solution coming. I’ve been writing about...
Two months after predicting a hunger crisis in Africa, and there is a hunger crisis in Africa. The news on this has been sparse, but its starting to trickle out. Today the story was posted on Foreign Affairs. The novel coronavirus has overwhelmed public health systems and jolted economies around the world. Now it is poised to spark a global hunger crisis as well. After decades of progress in the...
Both McKinsey and the International Monetary Fund published papers in the last week talking about the current and coming food security issues in Africa. McKinsey McKinsey’s paper is Safeguarding Africa’s food systems through and beyond the crisis. TL;DR: Africa is a net importer of food and requires $6 billion worth of imported inputs to grow the food it grows. So far, the breakdowns in the...
