Historian Niall Ferguson calls the United States' economy a dinosaur ...

... one of those huge herbivores whose bulk shook the ground. Like them, the U.S. economy is mind-bogglingly enormous - two and a half times as big as the next largest economy in the world and almost as large as that of the six other members of the Group of Seven combined. The catch is that it has to consume almost incessantly to sustain its great heft.

For those who want a thoughtful overview of all the things one might worry about regarding the fiscal position of the US - and what might happen as a consequence, Ferguson hits the major points in this article in Sunday's NYT Magazine. (registration required)

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