{"id":329952,"date":"2010-02-17T05:51:11","date_gmt":"2010-02-17T10:51:11","guid":{"rendered":"http:\/\/www.businessinsider.com\/niall-fergusons-deficit-warnings-for-the-us-are-nothing-but-excessive-hysteria-2010-2"},"modified":"2010-02-17T05:51:11","modified_gmt":"2010-02-17T10:51:11","slug":"niall-fergusons-deficit-warnings-for-the-us-are-nothing-but-excessive-hysteria","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/329952","title":{"rendered":"Niall Ferguson&#8217;s Deficit Warnings For The US Are Nothing But Excessive Hysteria"},"content":{"rendered":"<p><a href=\"http:\/\/www.ft.com\/cms\/s\/0\/ce298b22-1b63-11df-838f-00144feab49a.html\">From FT:<\/a><\/p>\n<p>Niall Ferguson is not given to understatement. So I was not surprised by the claim last week that the US will face a Greek crisis. I promptly dismissed this as hysteria. Like many other high-income countries, the US is indeed walking a fiscal tightrope. But the dangers are excessive looseness in the long run and excessive tightness in the short run. It is a dilemma of which Prof Ferguson seems unaware.<\/p>\n<p>Prof Ferguson stated that, according to the White House projections, gross federal debt will exceed 100 per cent of gross domestic product by 2012; that the US is forecast never to run a balanced budget again; that monetary policy, not deficits, saved the economy; that higher interest rates are on the way; and, not least, that high fiscal debt is damaging.<\/p>\n<p><a href=\"http:\/\/www.ft.com\/cms\/s\/0\/ce298b22-1b63-11df-838f-00144feab49a.html\"><strong>Read the whole story at FT &gt;<\/strong><\/a><\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/niall-fergusons-deficit-warnings-for-the-us-are-nothing-but-excessive-hysteria-2010-2#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/niall-ferguson-us-finances-are-not-much-better-than-those-of-greece-2010-2\">Niall Ferguson: The Next Greece? It&#8217;s The US!<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/david-walker-greece-crisis-is-coming-to-america-in-2012-2010-2\">David Walker: The Greece Crisis Is Coming To America In 2012<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/is-the-federal-reserve-secretly-bailing-out-greece-2010-2\">Is The Federal Reserve Secretly Bailing Out Greece?<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/NmEQr20AyJY\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>From FT: Niall Ferguson is not given to understatement. So I was not surprised by the claim last week that the US will face a Greek crisis. I promptly dismissed this as hysteria. Like many other high-income countries, the US is indeed walking a fiscal tightrope. But the dangers are excessive looseness in the long [&hellip;]<\/p>\n","protected":false},"author":748,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-329952","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/329952","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/748"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=329952"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/329952\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=329952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=329952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=329952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}