Re: Niall Ferguson bewails US imperial decline
On Sep 13, 2006, at 8:01 AM, Charles Brown wrote:
IMO NF exaggerates the US budget problem.
^^^^ CB: You’re a deficit spending, Keynesian type-a-guy anyway, no ?
Doesn’t matter - Max is right. The US budget deficit isn’t that big a
deal now. The foreign balance is much more of a problem, reflecting
private, mainly household, overborrowing.
Doug