Niall Ferguson, a history professor at Harvard University and a Bloomberg Television contributing editor, discusses the European sovereign-debt crisis. Ferguson speaks with Erik Schatzker on Bloomberg Television’s “InsideTrack.”
Niall Ferguson, a history professor at Harvard University and a Bloomberg Television contributing editor, discusses the European sovereign-debt crisis. Ferguson speaks with Erik Schatzker on Bloomberg Television’s “InsideTrack.”
II never understood what the Europeans thought was going to happen when they setup a system where several governments independently ran printing presses. (Ok, there’s only one printer, but they all independently create government debt…)
How was this ever going to work?
Re # 1
RandomJoe,
[blockquote] How was this ever going to work? [/blockquote]
The honor system.