Summary: Recently, Niall Ferguson reminded us of the eurozone pessimism of 2011 and 2012 in a recent polemic against Paul Krugman. Without getting into the Krugman-Ferguson war, I want to hone in on this subject because I think it tells us something about the way crisis politics work.
I had written only the summary above when my mother called, asking me about an investment advisor she heard on the radio who was predicting hyperinflation in the United States and the fall of the US dollar. This gentleman - who I learned in a brief Internet search, had been fined for running a fraudulent investment in the past - spoke for an hour, my mother told me. And he advised buying gold and silver, holding large amounts of cash and stocking food and water in non-urban areas in anticipation of the comin...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.