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Niall Ferguson: Don't Trust Democrats to Fix Economy

Complete video at: http://fora.tv/2008/10/21/Geopolitical_Consequences_of_the_Credit_Crunch Harvard historian Niall Ferguson argues that Barack Obama's plans to increase income taxes for wealthy Americans could lead to an economic climate similar to the "stagflation" period of the 1970's. ----- Professor and historian Niall Ferguson asks what the ramifications of the subprime crisis will be in the realm of grand strategy and politics. Is this an historical turning point, marking a decisive shift in financial power from West to East? Or are rumours of the death of the dollar and the decline of American empire exaggerated? - Hoover Institution Niall Ferguson, MA, D.Phil., is the Laurence A. Tisch Professor of History at Harvard University. He is a resident faculty member of the Minda de Gunzburg Center for European Studies. He is also a Senior Research Fellow of Jesus College, Oxford University, and a Senior Fellow of the Hoover Institution, Stanford University.
Length: 02:04

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