April 1, 2012

Niall Ferguson has the solution to the US debt crisis

Niall Ferguson is a British historian and he has specialized in financial and economic history. One theme in his research is that he believes that the power of economies in the west are going to decrease while the power of economies in the east - such as China - are going to increase. The title of one of his books is: "Colossus: The Rise And Fall Of The American Empire"

Niall Ferguson believes that the US should start selling assets available in the country to repair the economy. The assets he is talking about are land areas in the western part of the US, office buildings, roads, and so on.

Read more about Niall Ferguson at Trejdify: Why is a country rich or poor?