Adam Fergusson was born in Scotland in 1932. He graduated in history at Cambridge, and later became a journalist with the Glasgow Herald, the Statist, and The Times. He has been a Member of the European Parliament, a Special Adviser at the Foreign Office, a consultant on European affairs for international industry and commerce, and political advisor to Geoffrey Howe, Mrs. Thatcher's Chancellor of the Exchequer in 1979. He has written five books. A Fellow of the Royal Society of Literature, he lives in London.
In the first half of the program, monetary historian Andy Gause joined Ian Punnett to discuss the serious ramifications if states start filing for bankruptcy protection.