Tag Archives: debt-to-GDP ratio
Revisiting the Reinhart-Rogoff Kerfuffle, Part 2
This is part two of an article that was published last month in the POLICY Magazine of the Centre for Independent Studies. We updated our reporting on last year’s Reinhart-Rogoff controversy in the first part. In the second part, we explain … Continue reading
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Tagged bad ideas in economics, Belgian debt ratio, bond conversion, budget shortfall, Carmen Reinhart, Centre for Independent Studies, CIS, Congressional Budget Office, credit event, debt cancellation, debt threshold, debt-to-GDP ratio, fiscal challenges, fiscal train wreck, government default, HAP, Ireland's debt ratio, Kenneth Rogoff, Keynesian economists, Paul Krugman, POLICY Magazine, primary surplus, Reinhart and Rogoff controversy, Thomas Herndon
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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
