Entries tagged "Ferguson"
The latest issue of Time magazine features a photo of a 1930s soup line with the words "The New Hard Times" emblazoned across it, asking in smaller print whether we've reached "The End of Prosperity?" Curiously enough, the word depression, the dreaded "D" word, appears in smaller type near the bottom of the cover, and is easy to miss. Ready for the gas pipe now? Well, as dire as that cover seems, the story it refers to, by Harvard professor Niall Ferguson, offers a very different picture. It turns out that Ferguson is no Nouriel Roubini, the New York...
