NEED TO KNOW | Niall Ferguson on the Tea Party, budget cuts and the economy | PBS

http://www.pbs.org/wnet/need-to-know/economy/niall-ferguson-on-the-tea-p
arty-budget-cuts-and-the-economy/3843/ Harvard historian Niall Ferguson's new book is about the British banker Sigmund Warburg, who valued relationships over transactions, and ethics over getting rich. He speaks with Need to Know's Jon Meacham about those seemingly mythical times about the book and about America's economic times and troubles.
Need to Know airs Fridays on PBS. Watch full-length episodes of Need to Know at http://video.pbs.org/program/1458405365/

Category:

News & Politics

Tags:

• Niall Ferguson
• Paul Krugman
• Jon Meacham
• Sigmund Warburg
• economy
• Tea Party
• recession
• tax cuts
• Obama
• Wall Street
• unemployment

[TheSkeetergirl]

I love this guy even if he misspells his first name. Ferguson rocks!

[zuzupetals1999]

This guy conducts a really good interview. He's let Niall elaborate and never interupts him. This is the way it should be, unlike idiot like Charlie Rose. Ferguson is nothing short of brilliant.

[makeithappen42zx]

Let's get another thing strait ... the debate between Ferguson and Krugman is not one of completely opposing viewpoints. Ferguson merely has a problem with Krugman because Krugman does a poor job of explaining any "policy prescription" for long-term fiscal responsibility following a classical keynsian stimulus. Ferguson is not against a keynsian stimulus, he is IN fact against the idea that the U.S. can simply avoid it's debt obligations while adding on more debt.

[baronessvondengler]

Meacham's nose is a major distraction. MAJOR.

[jackgoldman1]

The crisis is a money bubble. The Dow was $700 in 1963 and is $12,000 in 2011 BUT it is $480 in real US Treasury 1963 silver coins. Another crisis, prices are up 1,000%, but labor is only up 500%. Workers, renters, families, lose. Owners, bankers, governments win with currency debasement. Globalism is the globalization of currency debasement. Gasoline is 50% cheaper today in 2011 than it was in 1963 in silver coins. We have met the enemy. He is us, our own US Federal Reserve. It's a money bubble

[tkg2902]

At last! An interviewer who makes the interview about the guest and not himself - quite refreshing really.

[kevinbertis]

Obvious Furguson's never read anything on Ted Jones.

[leevinson]

this could possibly be the smartest person on earth. his publications are genuis. when he speaks all others remain quite. i have yet to see anyone challenge him on his opinion. i guess that's what happens when you are the smartess person involved in the discussion. the best example is when he was on MSNBC discussing U S foreign policy. the anchors wanted to come to the defence obama, but dared not. BRILLIANT

[ReliableInsider]

@Dauist34

Why don't we just pay bankers in stock options that can't be exercised within the next twenty years.

THEN watch them suddenly start to care about the long-term health of their own company.

[ReliableInsider]

@Dauist34

What creates the moral hazard is that bankers no longer -want- a job for life. They want to get in, make big bucks fast, and retire. As mergers and acquisitions accelerate, there is no longer any such thing as a bank having a "reputation". If we want them to have an incentive not to fail, we've got to create one.

[ReliableInsider]

@Dauist34

Anyone who has a credit card knows that banking is not the ethical industry it once was. It used to be ethical and dull. Now it's exciting and utterly amoral.

And desperately in need of a few basic rules to follow.