The dessert – the Fed chairman
The Gold Standard (TGS) does not believe that history repeats itself exactly, much less, economic history. So, TGS won’t bet on Japan’s deflationary outcome being repeated in the U.S. even though in many other respects, the US has taken many leaves out of Japan’s book.
That said, premature paeans are being [...]
Extra serving: the battle continues in Op-Eds
It may be a digression but Gold Standard (TGS) must record here the profound distaste he felt when he first read the ‘triumphalist’ Chimerica piece by NF and a co-author. It appeared to have been written in the early part of 2007 but appeared in a journal in December [...]
Main course 2 – joint serving by both
What is interesting is that PK himself provides a possible angle.
The only thing that might drive up interest rates—and this is a real concern (emphasis mine) – is that people may grow dubious about the financial solvency of governments.
NF was quick to latch on to that:
Well, if [...]
Main Course 1 – served by Niall Ferguson
Here is where you can find the transcript of the panel discussion.
This is what NF said in that panel discussion:
There is a clear contradiction between these two policies, and we’re trying to have it both ways. You can’t be a monetarist and a Keynesian simultaneously—at least I can’t [...]
The appetizer – ‘Crowding out’
It all started with Krugman (PK) posting this on his blog. He sighs, expresses exasperation with Niall Ferguson’s ‘ignorance’ and alludes to some ‘dark age of macro-economics’. Strong stuff. Link here.
In fact, there is some history to this. PK, perhaps, was having this at the back of his mind when [...]
T. K. Arun makes a suggestion that Indian government should borrow abroad. He mentions a sizable sum of USD 20 billion.
The government should meet a part of its huge borrowing programme by issuing bonds abroad. Non-resident Indians would lap it up. So would a number of invitees to the forthcoming G20 summit: it shouldn’t take all that [...]
Bare Talk at Mint
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