[lbo-talk] Niall Ferguson bewails US imperial decline

[Doug Henwood]

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