Tag Archives: austerity
Revisiting the Reinhart-Rogoff Kerfuffle and the Consequences of High Government Debt
Last September, the Centre for Independent Studies (CIS) asked us for an article updating our commentary on the Reinhart-Rogoff controversy, while combining it with one of our government debt studies. The article appeared in the latest issue of the organization’s POLICY Magazine, which hit … Continue reading
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Tagged austerity, Brad Plumer, Carmen Reinhart, Centre for Independent Studies, CIS, Critique of Reinhart and Rogoff, debt thresholds, Endgame, government defaults, Growth in a Time of Debt, John Mauldin, Jonathan Tepper, Justin Fox, Kenneth Rogoff, Marginal Revolution, Paul Ryan, POLICY Magazine, Reinhart-Rogoff controversy, Rortybomb, Stephen Kirchner, This Time is Different, Thomas Herndon, Tyler Cowen
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Fonzie or Ponzi? One Theory on the Limits to Government Debt
If you’re part of my generation and watched enough Happy Days back in the day, you know that “the Fonz” had a keen understanding of human nature. And that projecting confidence was a huge part of his alpha male badassness. … Continue reading
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Tagged America's finances, austerity, Balassone-Francese-Pace, Baum-Cecherita-Westphal-Rother, budget deficit, CBO, Cecchetti-Mohanty-Zampolli, Cecherita-Rother, Charles Ponzi, confidence trick, Congressional Budget Office, debt addiction, debt projection, debt stabilization, debt threshold, debt-to-GDP, debt-to-GDP ratio, dependency ratio, depression-like economy, Fonzie, Happy Days, Hyman Minsky, hyperinflation, Keynesian, Keynesian end game, Kumar-Woo, median household income, Ponzi finance, Ponzi point, Ponzi Scheme, primary balance, primary budget balance, real debt stabilization, Reinhart-Rogoff, The Fonz, wealth confiscation
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It’s Time to Change Focus From Reinhart-Rogoff Witch Hunts to Krugman’s Contradictions
You may have seen the new skirmishes this weekend in the very public debate about Carmen Reinhart’s and Kenneth Rogoff’s government debt research. Reinhart and Rogoff (I’ll call them RR) posted a letter to Paul Krugman on Reinhart’s website, in … Continue reading
