I was among the guests on The Long View, which debated the past and present of the national debt. Here, I think, is the recording. If that link doesn’t work, then this is the homepage of the programme.
You can guess my views: calm down about the deficit hysteria, dears. I think Will Hutton and I were singing from the same hymn sheet; Andrew Lilico and Niall Ferguson were on the side of those thinking we’re doomed, doomed I tell you…. According to NF, no country save Japan has ever got as indebted as Britain. In a single thought, he managed to conflate the private households debts of the UK with the domestically-owned government debts of the Japanese, the owners of neither of which demand more than 4% for lending the money. Crisis?
Praise be: they got my refutation of Niall Ferguson’s views in (at 24 minutes). Fantastic.