R&R Archive

Rogoff & Reinhart answering my call in FT – Austerity is not the only answer to a debt problem

Good to see Ken, who I’ve never met, and Carmen who I do know, no doubt assisted by her husband Vince, beginning to come clean with this response. While not complete, it’s the beginning of an encouraging, epic reversal and a first step in the right direction! My comments added below: Austerity ...Read More

Rogoff and Reinhart NYT response

The intellectual dishonesty continues. As before, it’s the lie of omission. R and R are familiar with my book ‘The 7 Deadly Innocent Frauds of Economic Policy’ and, when pressed, agree with the dynamics. They know there is a more than material difference between floating and fixed exchange rate regimes that they ...Read More