Niall Ferguson has unofficially joined other well-known conservatives who are economic hacks. Here's the evidence for this distinction:
- His most spectacularly incorrect call came in in the Summer of 2009, when he took a victory lap, proclaiming that since interest rates were rising, he was correct that the bond vigilantes were rebelling against the large stimulus and historic deficits.And, he was more mistaken about J.M. Keynes than I knew (h/t Avedon):
(Thanks to commenter CMike for reminding us of Keynes 1930 essay "Economic Possibilities for Our Grandchildren" [.pdf].)
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