Thursday, July 15, 2010

Stimulus vs Austerity , Niall Ferguson vs Paul Krugman

Niall Ferguson: Paul Krugman's Advice Will Lead Us Down A Road To Ruin

Nial Fergusson : well let me make clear that as far as I am concerned this rivalry is purely unintellectual one it's not so much within economics , I am not an economist I am a historian it's more of a debate between an economist and a historian about what the lessons of the great depression are ...and that's in my view what all this is all about ...I leave all personal consideration aside I do not think we could be best buddies ......"this is a political problem Niall Fergusson noted and until Washington has its mind focused but yet more bad economic news I do not think there's gonna be any change to that situation .we are fiscally Gridlocked .., republicans want tax cuts democrats want to spend more money and the result is deficit after deficit after deficit.....

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