Niall Ferguson is not given to understatement. So I was not surprised by the claim last week that the US will face a Greek crisis. I promptly dismissed this as hysteria. Like many other high-income countries, the US is indeed walking a fiscal tightrope. But the dangers are excessive looseness in the long run and excessive tightness in the short run. It is a dilemma of which Prof Ferguson seems unaware.
尼尔•弗格森(Niall Ferguson)并不总是那样克制。因此，当他日前声称美国将面临一场希腊式危机时，我丝毫不觉得意外。我很快就判定他的论断有些过激。与其它许多高收入国家一样，美国的财政政策的确是在走钢丝。但它所面临的风险是：从长期来看，其政策过于宽松，而在短期内又过于紧缩。弗格森教授似乎没有意识到这一两难境地。
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