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November 16th, 2009
Live Q&A with Niall Ferguson, host of THE ASCENT OF MONEY

If you missed the live Q&A with Niall Ferguson, the host of the Emmy® Award-winning series “The Ascent of Money”, watch it now.

This exclusive event was made possible by T. Rowe Price.

  • Reid Carter

    1) that America is only 5% of the world’s population and thus in the MINORITY and
    2) that China, India, Taiwan, Korea, and Japan are the world leaders in manufactured goods and some of these nations hold $billions in American debt because America no longer adds value and
    3) therefore that America having become a debtor nation for the first time it its history and
    4) since it was the American financial shenanigans beginning in the 90’s like credit default swaps and collateralized debt obligations (CDO’s) kept proprietary by an arrogant, pompous, aloof banking industry and a strongly Republican blocked government from banking oversight and thus a blemish on America’s credibility as a debtor nation and
    5) that the rate of goods creation as a function of limited ability for science to produce as it had over the past 150 years meaning the possibilities of return to capital and therefore investment will taper off, and
    6) I’m sure you can add some substantive predictors yourself…

    MY QUESTION: What is the future for a free wheeling, free spending, wasteful, careless, world power like the America we’ve know for these past 75 years? [HINT: Just saying "no" won't go! Re. the INABILITY TO AGREE (a bill barely passed the majority by 2 votes in 435) that health care affects us all from the day we're born to the day we die and should be a condition of a society as "advanced" as ours!]

  • Mark Keintz

    I understand one of the main themes of this excellent series to be the growth of our understanding and management of risk, rudely interrupted from time to time by externally imposed shifts in our perception of the scale and source of that risk.

    But I would have liked to see more discussion of how much of the recent economic shocks chronicled in the series was due to authentic misunderstanding of risk vs. lack of transparency in the composition and recording of financial transactions, (i.e. a failure to communicate known risks to the investor-taxpayer-underwriter). I would appreciate comments from Prof. Ferguson on how to assess the relative importance of these two factors.

    This would help us think more intelligently about policy considerations. If lack of transparency is the major issue, we’ll probably consider more public reporting and oversight (e.g. require hedge funds to provide more information to the SEC). If misunderstanding risk is the issue, then we need to rethink the wisdom of letting each person (oops, each employed person) do their own long-term risk assessment through 401K and similar individually managed old-age insurance products.

  • Kat

    I just caught the episode “Bond of War” last night, Nov 23, 2009 and wanted to know if the Ascent of Money will be airing again? This was an interesting show and would really love to see the whole series.

  • Jake R.

    Does Dr. Ferguson believe that the US will begin to recover from the worst of the recession by mid-2010? If it is going to be a “jobless” recovery, does that mean only certain sectors will be favored (if so, which ones) and will the stock market remain as volatile as it has been in the last couple of years?

  • vijay jha

    sir i wan to know about crices which is going today market. and why it and who is responssible for that . how i can come & invest my money in the markrt. i am a student of bba . i want to know about stock-market and invest my ,oney there.
    so plz tell me what happend today market.

  • Kailash

    Incisive, lucid, made so very easy to understand the U.S. sub prime epidemic so close to ruining the worldwide economic system.

  • satish kumar

    Respected Sir,

    I am a student studying master studies In finance at university of Economics, Wroclaw Poland. I have been a great admirer of your work and have been following your articles on your web page. As a part of our Masters program I am obliged to write a master thesis and I strongly feel good thesis work is the single most significant achievement in attaining the master’s degree.

    I have been strongly influenced in the way you explain the most complex finance and economics in a simple way in your program “ The ascent of Money”. My passion is to work on a current issue, which can be understood by a layman, hence the topic I have chosen for Master Thesis is:

    The Current Financial Crisis and the regulatory environment of financial institutions.

    A brief Road Map for my thesis:

    First, The history of financial institutions and the past financial crisis. What caused them? The Lessons Learnt.

    Second: How did the current financial crisis was triggered? Roles of the Policy Makers, Impact of these particularly on Banks worldwide?

    Third: How did impact the Poor Countries particularly Africa/Developing countries?

    Fourth: How does a common man will be impacted? How the system would be made fool proof in future from events like this from repeating?

    I seek your valuable guidance on third and the fourth point, I have been doing research on how these financial crisis would have led the rich countries to stop aid to the poorer countries, and the affects of it?

  • robert rhoades

    I have installed Adobe Flash Player 9, but can not get into Part 1 of ‘The Ascent of Money”. Have tried all if the links, etc.

  • Tom Corson-Knowles

    How will giving more power to Central Banks help financial stability? Central Banks are private, not governmental, associations and they run on the profit motive. They have conflicts of interest and a huge history of corruption, greed, and misbehavior.

  • Rita

    I have been listening to all the talk on the economy and the US deficit being ’so large – knowing that the word ‘trillion’ is a large amount of money. However, is it really that big as compared to what it was back in the 1970’s when the minimum wage was only 90 cents per hour and today it is over $7.00 per hour? In the 70’s milk was 50 cents a gallon, gasoline was 25 cents a gallon (today it is $2.50 at the moment), bread was 15 cents per loaf while today it is $3.00. So to me it stands to reason that if we take the ‘inflation’ value out of the deficit and the proposed health care plan, etc. that it’s not that much more of a deficit than we have ever had. We also have x number of more million of people in the world today – a greater tax base to collect taxes from. So I sure wish people would get over the fear that the word ‘trillion’ implies. Granted, our economy is not great right now – but it would help if the banks that created the mess would be the ones to fix it instead of leaving the Government to fix it.

  • Niall Ferguson: ” THE ASCENT OF MONEY” «
  • Commentee

    I knew what Financial Literacy meant, but I didn’t think Financial History profession existed. I had a hunch it would exist in a weird way like Baseball Historian but it never occurred to me as Financial Historian. This was not great but a brilliant show! I watched all 4 parts and Q&A in one sitting and it’s now 3:33AM now. I watched the first part just before bed time and I was hooked. This was way more valuable than Finance medias that bombarded me with irrelevant stocks and fancy terms and fast paced announcements (does anyone think the financial journalists are bit aggressive on TV? I do). I am more interested in Financial History now and I will research more about it. I am excited about it. It was an eye opening to see the mundane high school history from a vintage point of financial perspective which was never explained in textbooks. Thanks thanks thanks to Nial, PBS and many other people behind the scene.

  • Oli Johnson

    Back in the 90’s the Japanese were in a financial crisis, the economy was in dire straits but they survived and are now fully solvent.. Increased government spending was the strategy for this recovery not cut taxes and trickle down economics.

  • Eunice G

    It is typical in the easy scapegoat mentality to blame the financial crises roots on mortgages loans given to minorities (subprime borrowers) through the Community Reinvestment Act brought on by the civil rights movement to counter redlining by banks. The real cause lay in the financial intermediaries who knew they could walk away with billions in fees before it came all crashing down, most likely having gotten assurances in advance that they would be bailed out. with no thought of the suffering it would bring on others.

  • David

    Dear Professor Ferguson,

    as a fellow son of Glasgow, I very much doubt John Locke would approve of the inter-generational debt attached to property that has been visited on ordinary folks across the world, by a reckless few courtesy of so called weapons of mass financial destruction – otherwise known as derivatives. Apologies for the long sentence.

  • Rosie Crews

    How do we get our questions up? I have so many questions for him, any help? Where is the conference center at too?

  • 47401

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  • comercial

    I’ve been watching your videos for a long time on You tube. Just realized this week you had a website!! Yeah for me. I’m addicted and getting others on board. Us gals in MS are cleaning out house and getting organized. While loving your ideas. Headed to the 1$ store today:) So siked…& you know your a mom when your Saturday excitement has boiled down to the 1$ store! Keep the videos rolling. Love you and TY for doing this:) A huge fan Heidi smith

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