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Niall Ferguson on the Tea Party, budget cuts and the economy

Harvard historian Niall Ferguson is not your usual ivory tower academic. His arguments about global economics and American policy are both scholarly and topical. And he likes a fight: He and Nobel Prize-winning economist Paul Krugman have done battle over the right path back to economic health: spending cuts versus stimulus.

His new book is “High Financier: The Lives and Time of Siegmund Warburg” about the British banker who valued relationships over transactions and ethics over getting rich. Niall Ferguson joined Need to Know’s Jon Meacham to talk about those times — which sound almost mythical now — as well as to get his thoughts on our economic times and troubles.

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