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The Descent of Finance
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September 9th, 2011UK Debt NewsNiall Ferguson, Harvard professor, discusses the background — and long term — of finance with Harvard Enterprise Assessment editor-in-chief Adi Ignatius.
Tags: Finance
Video clip Rating: four / five
23 responses to “The Descent of Finance” 
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An economy that only economises for the rich…. well done
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Surfwtw September 9th, 2011 at 15:45
We have a new website up. It is a business dictionary with all sorts of other cool financial tools. subjectmoney com
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TheFriendlyEngineer September 9th, 2011 at 16:26
He seems pretty optimistic in this particular video but not in the previous article that he is talking about now,people need to save their money and pay down on reasonable mortgages.
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AegeanKing September 9th, 2011 at 17:03
Why on Gods green earth do you spell the name Neil like that? His name looks like its called “knee-all”.
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westpointinvest September 9th, 2011 at 17:26
twitter.com/#!/westpointinvest .. Gives daily financial opinions
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qwert4327able September 9th, 2011 at 17:50
@CorisDavis913 hes scottish and has a strong scottish accent
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FlyingNinja11 September 9th, 2011 at 17:57
Too much credit floating around the USA in the form of car loans, home loans, credit cards. In developing countries people pay mostly by cash. In US however, people hardly have ready cash to spend. I was talking to a professor at a high ranked university in the US who was earning above 100K/yr and he was saying how everything he earned went away on all the loans he took on his personal and family needs. This insanity of credit lending needs to get well regulated by the government.
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8peregrint8 September 9th, 2011 at 20:09
@viktorhat
Quality of educational systems is not as important as the social ambitions of the population. The US has one of the highest productivity rates per person in the world regardless of the quality of their education. -
IlRezzonico September 9th, 2011 at 20:56
@CorisDavis913 he’s Scottish – but he’s not an expert, he’s a bullshitter who pretends he is the only person in the whole world who knew the financial crisis was coming, although he was remarkably quite about it
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GoldmarkIndustries September 9th, 2011 at 21:25
WHEN EVERYONE’S OUT FOR THEMSELVES, THEY WILL DESTIN THEMSELVES FOR “ECONOMIC” FAILURE. WE LIVE IN A WORLD OF GIVE AND TAKE.
-PEASANT TELEMARKETER & SHOE “SALESMAN” -
chefshitpiece September 9th, 2011 at 21:53
@TomHartill Yeah, I think you are taking a position that has some merit, and one could argue it very well. Americans are a strange people, with a bizzare subculture.
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TomHartill September 9th, 2011 at 22:08
@chefshitpiece – Well thats because America is a very insulated and isolated country. Most Americans are very biasd and arrogant and know nothing of the outside world. I can’t remeber the exact figure but I think that over 80% of Americans don’t own passports, while here in the UK the figure is almost opposite.
In US schools you are taught about America and not much about the outside world, I would even go as far to say that US elementary schools are nothing but propagander factories!!!
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chefshitpiece September 9th, 2011 at 22:17
@TomHartill Great! Im in my last year of law at London School of Economics! Thanks for the heads up man, I couldnt be happier! But it doesn’t change the fact I have never, EVER in my life heard anyone I went to high school with say “Aw man! I cant wait to get into Uni of Bangledesh” while I have heard plenty off people say “Harvard….if only!”
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TomHartill September 9th, 2011 at 22:57
@chefshitpiece – The fact still remains that the American educational system could be a hell of a lot better and is simply not as good as a lot of other countries.
The US education system can only be said to be good at a university level. Now take into account that only students with the cash actually get into uni, and then take into account that 1 in every 4 students will drop out.
I also read somewhere that a degree at the top US uni’s is only worth half of that of a top UK uni degree.
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chefshitpiece September 9th, 2011 at 23:46
@TomHartill Beijing was a random example I picked to underscore a more genral point, which I shall now reword: I have been to 3 different high schools, and in my time I do not recall one student ever telling me how he planned to go study in another country. I have heard manhy students say they would love to go to Harvard or cross the pond so they could go to Oxford. This post started off as a discussion about economic collapse and where th eblame lies, not an educational excursion.
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TomHartill September 10th, 2011 at 00:41
@chefshitpiece – “Beijing” lol, why would you even use that comparison?
The US has some of the worlds finest universities yes, but only becuase they are very privatised and only students with scholarships and bags of money get to go there. The cost of a decent education in the US is many, many times higher then most Europian countries. Besides having a few good Uni’s does not make a good educational system…
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chefshitpiece September 10th, 2011 at 01:34
@TomHartill Well, go to NYU campus and walk around. YOu will see many foreign students. Now go to a university and Beijing, see how many American, CAnadian, or English students you see there. Virtually none.
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TomHartill September 10th, 2011 at 02:05
@chefshitpiece – Why would you go to the states for a good education?
The only way you really get a good education in the states, is if you have a but load of money, otherwise the US really has a very below average education system.
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chefshitpiece September 10th, 2011 at 03:12
@viktorhat Well this is this and that is that…you want Oktoberfest, go to Germany. You want a good education, go to States or England. I think thats pretty much common knowledge, and im not interested in disputing the point with you. Its tedious.
Baredamage September 9th, 2011 at 15:08