Martin Wolf: Niall Ferguson Is Nuts, There's No Way The US Is The Next Greece

This is the big debate right now, isn’t it?

Weighing in on the sanguine side, FT’s Martin Wolf slammed Niall Ferguson and others who predict that the US is the next greece. Well, he said they were exaggerating, which as at least conceding something.

The big difference is that we have a floating currency which we can devalue to pay our debts, Greece doesn’t. Of course, this doesn’t refute the fact that from a fundamental point about our debt loads, we’re in similar trouble. We just have some more tricks to get out of the problems.

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