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06:44 — Niall Ferguson joins Morning Joe to discuss why he says it is tough to see what a Trump presidency may actually look like.
Niall Ferguson explains that the U.S. economy has been the biggest in the world, since 1872, but will be overtaken by China in 2016.
Niall Ferguson explains how money is a relationship between a creditor and a debtor.
Harvard professor and author Niall Ferguson joins HuffPost Live and calls out Paul Krugman, saying that he must admit that he is wrong.