One of the greatest characteristics of the media worldwide is that it has a pretty ordinary sense of history. And many big media directors — particularly in news — surprisingly don’t have a great memory!
While this is something I know after working in the media now for over 30 years, it never ceases to amaze me when I see experts, such as Niall Ferguson, still getting columns in newspapers such as London’s The Sunday Times. Not that he is an intellectual dud being the Laurence A. Tisch professor of history at Harvard and a senior fellow of the Hoover Institution at Stanford.
He is smart and when the GFC hit he was everywhere, on the ABC with a scary documentary, at conferences where he would have been paid thousands to tell us a whole pile of crap that would have cost anyone who listened to him and failed to invest in the stock market in 2009, 2010, 2011, 2012, 2013, etc.