Niall Ferguson: Surprise tax cut could be in the cards

Congress and the White House may throw a curveball and roll out a tax cut ahead of the midterm elections rather than boost stimulus spending to aid the struggling economy, Harvard University History and Business Professor Niall Ferguson told CNBC.

“Medium-term fiscal credibility is the issue, not short-term,” he said. “Paul Volcker should get together with the Republican Paul Ryan and work out a credible plan. Unfortunately there is no appetite for radical reform.”

Source: CNBC, September 3, 2010.

Did you enjoy this post? If so, click here to subscribe to updates to Investment Postcards from Cape Town by e-mail.