• Niall Ferguson


Get Off the Budget Treadmill. Niall Ferguson, December 5, 2013, Opinion. "It is politics that explains why, according to the Congressional Budget Office, the federal government will likely run a deficit every year from now until 2038. It is politics that explains why President Obama and Congress have been unable to agree on the reforms of taxation and entitlements that are so manifestly needed. And it is politics that explains why, before too long, Washington insiders will be back to the usual brinkmanship over government funding and borrowing. Most economists would agree that the politicization of monetary policy has undesirable consequences, like..." Link verified April 3, 2014