Achtung! Normally I assume that MNE readers regularly check Warren Mosler's The Center of the Universe and Soft Currency Economics, so I don't post links here unless they are especially significant. This is the definitive MMT answer wrt R-R. Please share via Twitter, Facebook, G+, and other social media, as well as linking to it in comments on post about R-R.
The Center of the Universe
Rogoff & Reinhart answering my call in FT – Austerity is not the only answer to a debt problem
Warren Mosler
Cross-posted at Soft Currency Economics.
3 comments:
Basically R&R left out all of the important stuff…probably on purpose.
Why again does anyone listen to them?
Warren,
How do you read their words and come away with the perception that they are "coming around?"
All those, "Bravo's?"
He's leaving them a door open, to come back through.
1st step in damage control is saying "We didn't intend to say what we originally intended to say."
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