Showing posts with label Pearl Harbor. Show all posts
Showing posts with label Pearl Harbor. Show all posts
Monday, March 9, 2015
Monday, March 18, 2013
Saturday, March 27, 2010
Niall Ferguson on sovereign debt (repeat)
This is a repeat blog from last month, but I'd like to highlight one paragraph.
http://www.ft.com/cms/s/0/f90bca10-1679-11df-bf44-00144feab49a.html?nclick_check=1
http://www.ft.com/cms/s/0/f90bca10-1679-11df-bf44-00144feab49a.html?nclick_check=1
Yet even a casual look at the fiscal position of the federal government (not to mention the states) makes a nonsense of the phrase “safe haven”. US government debt is a safe haven the way Pearl Harbor was a safe haven in 1941.
Labels:
Greece,
Harvard,
Niall Ferguson,
Pearl Harbor,
safe haven,
sovereign debt,
US Government
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