Niall Ferguson, Harvard - We'll Do Keynesian Solutions to the Economy, Watch them Fail, Then Go Back to Market Solutions

Niall Ferguson, Harvard, said that America will go through these Keynesian policies of government intervention and remedies and at the end of such failed solutions will return to market solutions.

Japan called it their Lost Decade, according to Barak Obama. Japan infused their failing economy in the 80s with around a trillion dollars. Their economy stagnated until at the end, when the country returned to market mechanisms and privatization.