Harvard historian sees banks, China dragging down U.S.
Boston Herald
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…
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