Deficits, Live and Learn

Is the Crisis Worse for Europe? Niall Ferguson Thinks So

Contrary to popular notions, Europe may be in more trouble than the United States. I disagree with Niall Ferguson on plenty, but he’s an honest thinker and his depth of knowledge is truly spectacular. I highly recommend his book The Ascent of Money, and his six part documentary series by the same name.

Here he is discussing the ramifications of the financial crisis on Europe and the rest of the world:

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