Wednesday, March 16, 2011

Niall Ferguson: Western Dominance Peaked in the 1970's



  1. This guy is very fascinating to listen to when it comes to the collapse of complex systems and societies, but he's still trapped in the Keynesian mindset when it comes to his understanding of Economics. Instead of throwing Keynes out he accepts that our debt is such that it prevents us from using Keynes' solution of increasing G. I wish he would read Rothbard and come of to Austrian economics but I guess his peers at Harvard would make his life more difficult then it already is. He does not seem to be liked by a good many of them based on comments that get leaked to the press from time to time.

  2. China has become the largest manufacturer in the world? How's that? Maybe Ferguson is talking in terms of manufacturing labor, but far from true in terms of manufacturing output.