Harvard historian sees banks, China dragging down U.S.

Harvard economic historian Niall Ferguson, whose “The Ascent of Money” book and TV series traced the world’s financial system, last night painted a pessimistic prognosis for U.S. recovery unless the government takes decisive action.

To a packed audience at the annual International Place Executive Event, hosted by Hub real estate developer Donald Chiofaro, Ferguson said that while we barely avoided a second Great Depression, the nation is still in deep trouble because no reforms have been made to its underlying financial problems…

Read more here (Boston Herald)