Havard professor Niall Ferguson sees danger in a matter of five years that US spend more on interest payment than on defense spending, even with the super-low treasury yield. And the financial market will get nervous about it at that time.
Ferguson calls the administration to cut tax on the businesses instead of raise their taxes. He suggests cut the generous pension benefits of the public workers.
On the monetary policy front, he is concerned about deflation more than inflation. Ferguson would like to see Bernanke do more aggressive quantitative easing
Ferguson calls the administration to cut tax on the businesses instead of raise their taxes. He suggests cut the generous pension benefits of the public workers.
On the monetary policy front, he is concerned about deflation more than inflation. Ferguson would like to see Bernanke do more aggressive quantitative easing
