Niall Ferguson: How China’s Insane Fiscal Policies Pumped Up Chimerica And Crushed America
By Gus Lubin at The Business Insider
When he coined the term Chimerica in 2006, Niall Ferguson was refering to a mutually beneficial relationship: cheap money from China and wild spending from America.
But recently he has called for the end of Chimerica — seeing as America’s economy sucks and China looks a lot like bubble.
Published this week, his latest paper shows how insane fiscal policy in China created the monster.
See charts From "The End Of Chimerica">>
