niall ferguson

Niall Ferguson vs Paul Krugman

Niall Ferguson on the recent rise in long term interest rates and his dispute with Paul Krugman (via the FT): Most commentators were unnerved by this development, coinciding as it did with warnings about the fiscal health of the US. For me, however, it was good news. For it settled a rather public argument between .. read more

Quis Custodiet Ipsos Custodes?

The latin phrase atop this post is from Niall Ferguson’s recent Op-Ed in the NYT. The phrase is roughly translated as, Who regulates the regulators? Ferguson: Human beings are as good at devising ex post facto explanations for big disasters as they are bad at anticipating those disasters. It is indeed impressive how rapidly the .. read more