Friday , 29 March 2024

Tag Archives: Austerians

Niall Ferguson: U.S. Playing “Russian Roulette” Assuming Interest Rates Will Remain Low (+2K Views)

Countering Krugman’s argument that today’s low interest rates show that no one is worried about lending money to us and, therefore, that we should borrow and spend our way to prosperity, Ferguson argues that today’s interest rates are irrelevant. When countries get into trouble, he says, they get into trouble quickly – the way Greece and other European countries have. Taking …

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