http://www.businessinsider.com/niall-ferguson-sovereign-debt-2010-5#-1
*Here's the slide that will make Indians cheer. (The Chinese are already cheering.)
*There seems to be an odd lack of utter collapses, violent revolutions and Communist overthrows in this slide show. You'd think that capitalism was a law of physics.
http://en.wikipedia.org/wiki/Niall_Ferguson
"Ferguson is the leading academic champion of counterfactual history, and edited a collection of essays exploring the subject titled Virtual History: Alternatives and Counterfactuals (1997). Ferguson likes to imagine alternative outcomes as a way of stressing the contingent aspects of history. For Ferguson, great forces don't make history; individuals do and nothing is predetermined. Thus, for Ferguson there are no paths in history that will determine how things will work out. The world is neither progressing nor regressing; only the actions of individuals will determine whether we live in a better or worse world. His championing of the method was controversial within the field."
