Niall Ferguson Archive

Twin deficit terrorists Ferguson and Buiter

[Skip to the end] This is the exact same line Niall Ferguson is spewing. He also says the two choices are inflating or defaulting. The inflation would be from too much aggregate demand and a too small output gap. That would mean that fatefull day would be an economy with maybe 4% ...Read More

Niall Ferguson: No One Has The Faintest Idea When The Economy Will Recover

[Skip to the end] Harvard AND Oxford Professor, thank you! Niall Ferguson: No One Has The Faintest Idea When The Economy Will Recover by Niall Ferguson May 29 (FT) —He thinks Obama’s economic forecasts are as much of an outlier possibility as another Great Depression. He’s also concerned, as we are, that ...Read More

Niall Ferguson

[Skip to the end] Someone needs to tell this guy the deficit spending IS the private savings. If any of you know him, please forward this, thanks. Niall Ferguson jumped in with both feet. Calling the government’s growth forecasts ‘crazily optimistic’ he predicted federal debt would soon reach 140% of GDP and ...Read More

Re: Niall Ferguson in the FT

[Skip to the end] (email exchange) They’ve all forgotten imports are a real benefit, exports a real cost, so they are afraid that imports will go up if you make a fiscal adjustment unilaterally. In fact, it’s the best of all worlds to do it unilaterally and let the imports flood in. ...Read More