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Prof. Niall Ferguson
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Today's economic recession with all its social consequences was caused by financially irresponsible behavior of US regulators, banks, companies and consumers. Having said that, it is remarkable and unfair that the crisis is having a more severe impact upon the rest of the world than it has on the US itself.
The US are fixing their problems by increasing the federal deficit and paying for this by submitting new US government bonds and printing dollars. So basically by more of the same overspending.
It's time the greenback is replaced by a new global reserve currency owned by a more responsible and impartial institution. (...) Read more? Sign up for free
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abhishek, student, India
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Cut in Various Tax Rate is Needed
US government is putting extra money in the hands of common people to stimulate the demand but instead of doing this government should cut some taxes so that taxpayers money does not go in the hands of those who are responsible for this crisis like various banks and other compnies which are demanding bailout packages.
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Julia
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New Global Currency
I agree with you. US methods of generating, regula (...)
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Leon Booysen, Management Consultant, South Africa
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New Global Reserve
Prof Ferguson, you have no idea what you are sayin (...)
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Majid Abdul Wahab Bawazir, Accountant, United Arab Emirates
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New Currency Needed
Yes. Prof Ferguson is extremely correct in his arg (...)
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John Casper, Entrepreneur
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We Never Learn from History..
This is NOT a result of irresponsibility or carele (...)
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Onyango Lucius, Events Marketer, Uganda
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Change of Global Currency
Prof. Ferguson is correct, I do not think up to no (...)
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