“And, as inflation has fallen, so bonds have rallied in what has been one of the great bond bull markets of modern history. Even more remarkably, despite the spectacular Argentine default – not to mention Russia’s in 1998 – the… — Niall Ferguson Copy Share Image
“the Dutch had improved on the Italian system of public debt (introducing, among other things, lottery loans which allowed people to gamble as they invested their savings in government debt). They had also reformed their currency by creating what was… — Niall Ferguson Copy Share Image
“I wrote this book because I had formed a strong impression that the people currently living were paying insufficient attention to the dead.” — Niall Ferguson Copy Share Image
“Consider this: the US economy created 2.4 million jobs in the three years beginning in June 2009. In the same period, 3.3 million Americans were awarded disabled worker benefits. The percentage of working-age Americans collecting disability insurance has risen from below three percent in 1990 to six percent. Unemployment is being concealed – and rendered permanent – in ways all… — Niall Ferguson Copy Share
I think the rise of quantitative econometrics and a highly mathematical approach to risk management was the obverse of a decline in interest in… — Niall Ferguson Copy Share Image
“Is it better today to be in a network, which gives you influence, than in a hierarchy, which gives you power?” — Niall Ferguson Copy Share Image
As a teacher, my strategy is to encourage questioning. I'm the least authoritarian professor you'll ever meet. — Niall Ferguson Copy Share Image
Ask me not, 'Are you rightwing,' but ask me 'Are you a committed believer in individual freedom, the values of the enlightenment?' Then, yeah,… — Niall Ferguson Copy Share Image
“Many historians still tend to assume that the spread of an idea or an ideology is a function of its inherent content in relation to some vaguely specified context. We must now acknowledge, however, that some ideas go viral because of structural features of the network through which they spread. They are least likely to do so in a hierarchical,… — Niall Ferguson Copy Share
“the twentieth century ran a series of experiments, imposing quite different institutions on two sets of Germans (in West and East), two sets of Koreans (in North and South) and two sets of Chinese (inside and outside the People’s Republic). The results were very striking and the lesson crystal clear. If you take the same people, with more or less… — Niall Ferguson Copy Share
“Historians are not scientists. They cannot (and should not even trying to) establish universal laws of social or political "physics" with reliable predictive powers.… — Niall Ferguson Copy Share Image
You really struggle to be a successful empire if you are also the world's biggest debtor. — Niall Ferguson Copy Share Image
“One difficulty is that we cannot always reconstruct the past thoughts of these non-Western peoples, for not all of them existed in civilizations with the means of recording and preserving thought. In the end, history is primarily the study of civilizations, because without written records the historian is thrown back on spearheads and pot fragments, from which much less can… — Niall Ferguson Copy Share
If young men have jobs - or the prospects of jobs - they are less likely to take up arms, they are less likely… — Niall Ferguson Copy Share Image
