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Going Critical with Niall Ferguson
Posted By Barry Ritholtz On February 29, 2004 @ 7:42 am In Books,Finance,Media | Comments Disabled
Last Summer, while flicking around the dial, I happened across an utterly fascinating Bill Moyers  interview on PBS with Niall Ferguson and fellow historian Simon Schama . It was intriguing, and in many was, chilling. What I found so fascinating about it was that these two courtly conservative British scholars were sounding the alarm about the decaying U.S. financial condition, and nobody was paying very much attention.
This was in July 2003. Here it is, 8 months later, and a paper Ferguson (along with Laurence Kotlikoff) published in October 2003 is starting to cause waves. Its discusses many of the same issues which were covered in the PBS interview, only this time, its starting to gain traction amongst economists. Just this week, Arnold Kling  of the Library of Economics and Liberty  and Alex Tabarrok  of Marginal Revolution  referenced the Ferguson Kotlikoff paper .
I strongly suggets reading the full text (its only a dozen pages). To put it into richer context, read the Moyers interview with Ferguson and Schama . That frames the overall argument. If you want to read the abridged version, I put a few exercpts up here: The Triumphant Return of the British 
Its a fascinating perspective, and one Americans have slowly been coming around to . . .
U.S. Power and Fiscal Over reach 
National Interest, October 2003
http://econ.bu.edu/kotlikoff/Going%20Critical.pdf.pdf (PDF )
Niall Ferguson, Simon Schama interview
PBS NOW July 18, 2003 transcript 
(about halfway down the page)
Article printed from The Big Picture: http://www.ritholtz.com/blog
URL to article: http://www.ritholtz.com/blog/2004/02/going-critical-with-niall-ferguson/
URLs in this post:
 Bill Moyers: http://www.pbs.org/now/transcript/transcript228_full.html
 Niall Ferguson and fellow historian Simon Schama: http://bigpicture.typepad.com/comments/2003/07/the_triumphant_.html
 Arnold Kling: http://econlog.econlib.org/archives/000407.html
 Library of Economics and Liberty: http://econlog.econlib.org/
 Alex Tabarrok: http://www.marginalrevolution.com/marginalrevolution/economics/index.html
 Marginal Revolution: http://www.marginalrevolution.com/
 Ferguson Kotlikoff paper: http://econ.bu.edu/kotlikoff/Going%20Critical.pdf.pdf
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