In a very readable and insightful review of the new Martin Wolf book (which I haven’t read yet) Kenneth Rogoff plays the revolutionary card:’Let’s get rid of these debts, we’ve got nothing to lose than a deflationary chain of events’. This puts him, in a Eurozone perspective, in the radical left corner of politics (and it’s kind of ironic that he accuses text-book economists like Krugman of being ´hard-left´…).Real-World Economics Review Blog
Rogoff on Wolf. Some comments or: empowering households made all the difference
Merijn Knibbe
That's some progress, now drop the "governments are like households" analogy, stop comparing public debt dynamics to private debt dynamics, and stop thinking we never got off the gold standard are they will be onto something!
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