Niall Ferguson: Obama Creating Italian-Like Debt Crisis
November 11 — Barack Obama is priming an Italian-style debt crisis in the U.S by encouraging massive deficits with no regard for their economic consequences, says Harvard economic historian Niall Ferguson.
"What has been characteristic of this administration is that it has never attempted to arrive at anything resembling a credible plan to restore the finances of this country to balance," Ferguson said at a question-and-answer session after delivering the Manhattan Institute's Wriston Lecture. Read more.
