Prof. Niall Ferguson on entrepreneurial freedom in the new global financial system

[risingsun00a]

well speech and he is a very interesting speaker who shows a great presentation of entrepreneurial freedom in the new global financial system.

[fredmango76]

Gold did reach almost $2000 an ounce

[adelle0001]

sana nakita ko yung iba pang mga slide para lalo kong maintindihan!

[lgrisotto]

"this is the most important chart you can find in economic history" WANT TO SEE

[nikademis22]

good speech, I think he left a big part out though. He didn't address the fact that the reason china has been lower in gdp than the US for years now, is the communist structure that govt has had. Communism, stifles entreprenuership and more specifically innovation. If the govt dictates that a person can make only X income then incentive to innovate is taken away. Presently, China opening its barriers to entry, seeking capitalist ideals, and pushing toward a more free capitalist approach = Growth

[baronessvondengler]

what a douche.

[altongrimes]

Incredibly brilliant and articulate man..... just so refreshing to be exposed to such a gifted and insightful individual.... a true "navigator" in our midst......

[malma1]

This guy impresses the gullible. Listen to Noah Chomsky.

[RedTyphoon1]

@malma1 Chomsky sucks.

[TheCameo86]

Great speaker. Very well literates, and illustrative. 2 Thumbs Up!

[goPistons06]

i think the other enemy of entrepeneurship is the modern european welfare state

[GaiusIuliusTaberna]

@goPistons06 That's a horribly unnuanced view of the economic impact of a welfare state.

The enemy of entrepreneurship is a fettered lower and middle class, depending on how one is devised, a welfare state can either decrees or increase the freedom of action required in order to pursue new endeavors.

[farquasar1]

@goPistons06 sure, but no one seems to bother with that

[TheSpiritOfTheTimes]

Dynasty is a 70's show? Now that's just bad history Niall.

[goPistons06]

Ferguson said that in industrial development, the role of government was negligible. had more third world countries known this, they wouldn't have ruined their countries going for statist solutions to poverty.

[goPistons06]

i've seen many videos where people refute krugman's theories on macroeconomics. why then is he so famous, why is he taken so seriously, when, according to people like ferguson, he has no idea what he's talking about

[farquasar1]

@goPistons06 people listen what they is confortable to them

[stronzoassoluto]

He is so brilliant!!!!

"€/$ going parity or even lower"

c'mon!!!

october 2010: €/$ 1,39 and it went even 1,40 and beyond...

ahahahah

I read "The Ascent of Money" from cover to cover and I really enjoied it,

but right, ther are only futureS...

[bonfirejovi]

I would add a part 7... Paul Krugman calling for a housing bubble in 2002 "... And to do that, as Paul McCulley of Pimco put it, Alan Greenspan needs to create a housing bubble to replace the Nasdaq bubble." Krugman helped create the housing bubble!

[bonfirejovi]

Who provided the leverage? The Federal Reserve when it tried to fight off the Dot Com bubble. Housing prices would have never been that high if it had not been for the fed.

[bonfirejovi]

there is decoupling! look at new zealand for example.

[kenallenone]

I wish I could see the slides

[Seano71]

best speech I've heard in ages, this guy is brilliant. I recommend his documentaries as well for anyone who is interested. Wanna get my hands on some of his books as well.

[spacerumsfeld]

Poor Niall. Paul Krugman was hounding him the entire presentation!

[bonfirejovi]

@spacerumsfeld Krugman is a joke who just relies on conjecture like we should have spent 2 trillion instead of 1 trillion. Niall has actually come to terms with reality and isn't ideologically but practically motivated. Krugman is still holding on to what is left of keynesianism. If the stagflation and Japan didn't kill keynesianism then Barack Obama surely has.

[brokenbulbs]

I've lived in Asia and the United States and it's my impression that there's much more red tape involved in starting a business in the United States than in Asia. The market is less free than people believe and leans towards a concentration of industries. The US government shoud be doing more to help entrepreneurs and small business owners. Where's the government's support for small business, America's largest employer?

[bonfirejovi]

@brokenbulbs I understand it takes a day to a few days to start a business in Hong Kong. That is entrepreneurial freedom. Regulation raises compliance costs and kills small business and thus competition while big business has the economies of scale to absorb the extra cost.