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Niall Ferguson

Niall Ferguson

Member of the Board, Belfer Center for Science and International Affairs

 

 

By Date

 

2015

May 11, 2015

"The Rise and Fall of Krugmania in the UK"

Op-Ed, The Huffington Post

By Niall Ferguson, Member of the Board, Belfer Center for Science and International Affairs

It is already conventional to name the former party leaders Ed Miliband, Nick Clegg and Nigel Farage as the biggest losers of the British general election, closely followed by all the opinion pollsters and the narcissistic comedian Russell Brand. But this is to understate the abject defeat suffered by some Keynesian economists, and in particular the Nobel prize winning former Princeton professor Paul Krugman.

 

 

May 3, 2015

"I'll take the high road to London"

Op-Ed, The Sunday Times

By Niall Ferguson, Member of the Board, Belfer Center for Science and International Affairs

‘The noblest prospect which a Scotchman ever sees,” declared Dr Johnson, “is the high road that leads him to England!”

It is very doubtful that either Alex Salmond or the Scottish National party’s new leader, Nicola Sturgeon, would agree. Nevertheless, if Salmond wakes up on May 8 as the newly elected MP for the Aberdeenshire constituency of Gordon, the prospect that will greet him will indeed be the high road to England.

 

 

Wikimedia Commons

Friday, February 13, 2015

"The meaning of the Minsk agreement"

Op-Ed, Financial Times

By Niall Ferguson, Member of the Board, Belfer Center for Science and International Affairs

The world loves a peace agreement. The beauty of any deal like the Ukraine ceasefire agreed in the early hours of Thursday morning is that it can be presented in two equally interesting ways. Either it is “Camp David”, a transcendent moment of reconciliation between sworn enemies. Or it is “Munich”, a lapse back into the appeasement of dictators.

 

2014

(Sipa via AP Images)

November 26, 2014

"K of the Castle"

Op-Ed, TLS (Times Literary Supplement)

By Niall Ferguson, Member of the Board, Belfer Center for Science and International Affairs

Niall Ferguson writes about Henry Kissinger's most recent book, World Order.

Henry Kissinger does not dwell in detail on Obama’s record of strategic incoherence in this magisterial meditation on the international system. Yet it is not too difficult to read between the lines that this book has been inspired at least partly by dismay at the amateurism of the past six years and dread of the risks inherent in the strategy-less approach.

 

 

October 28, 2014

"The Return of Volatility Is Mainly About Monetary Policy"

Op-Ed, Wall Street Journal

By Niall Ferguson, Member of the Board, Belfer Center for Science and International Affairs

Four weeks ago I was in London at a conference organized by one of the biggest U.S. banks. The program included a session with the dread title, “2014, The Death of Volatility?” As it followed a rash of similar presentations and articles this year—“The Strange Death of Volatility,” “The Day Volatility Died” and the like—I knew from experience that a spike in volatility was imminent. And sure enough, since the end of last month, financial markets around the world have gone from gliding up an escalator to riding a bucking bronco.

 

 

September 21, 2014

"Scotland’s No echoes Europe’s Yes to grand coalitions"

Op-Ed, Financial Times

By Niall Ferguson, Member of the Board, Belfer Center for Science and International Affairs

The union is saved. Alex Salmond, Scotland’s nationalist first minister, has resigned. All the ink spilled on the benefits and costs of an independent Scotland can be consigned to counterfactual history. The only pressing question is the significance – and consequences – of the No vote.

 

 

September 14, 2014

"Scots Must Vote Nae"

Op-Ed, The New York Times

By Niall Ferguson, Member of the Board, Belfer Center for Science and International Affairs

To most Americans, Scotland means golf, whisky and — if they go there — steady drizzle. Even to the millions of Americans whose surnames testify to their Scottish or Scotch-Irish ancestry, the idea that Scotland might be about to become an independent country is baffling.

 

 

AP Images

August 1, 2014

"War: In History's Shadow"

Op-Ed, Financial Times

By Niall Ferguson, Member of the Board, Belfer Center for Science and International Affairs

A century has passed since the guns of August 1914 ended the era of European predominance with a deafening bang. Could such a catastrophe recur in our time?

Niall Ferguson writes: "The sequence of events since the Malaysian jet MH17 was shot down over eastern Ukraine is remarkably similar to the one that followed the assassination of the Austrian Archduke Franz Ferdinand in June 1914. Now, as then, the crisis begins with an act of state-sponsored terrorism. Now, as then, Russia sides with the troublemakers. Even the request by the Dutch government for access to the site where so many of their nationals perished is reminiscent of the Austrian ultimatum to Serbia. Now, as then, ownership of a seemingly unimportant region of eastern Europe is disputed."

 

 

AP

June 22, 2014

"What Would the Iron Lady Do?"

Op-Ed, The Sunday Times

By Niall Ferguson, Member of the Board, Belfer Center for Science and International Affairs

 

Far from being the mere dogmatist many thought her, Thatcher was a realist
whose boldness won the Cold War. Niall Ferguson explains how her strategy
would counter the greatest threat of the 21st century — the rise of Islamism.
 

 

April 18, 2014

"A Populism Spurned By The Downturn's Discontents"

Op-Ed, Financial Times

By Niall Ferguson, Member of the Board, Belfer Center for Science and International Affairs

Political backlash usually follows economic crisis. Everyone knows how the Great Depression fuelled support for extremists on both the left and right. Less well known is the way the original Great Depression – the one that began in 1873 and involved a quarter-century of deflation – led to a wave of populism on both sides of the Atlantic. Could this history be repeating itself?

 

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