Tag Archives: Kenneth Rogoff

Kenneth Rogoff is an Even Worse Criminologist than Economist

By William K. Black

Kenneth Rogoff, the creator of the fictional 90% budget deficit cliff, is back spreading new myths.  He has now ventured into white-collar criminology, without the benefit of any study of criminology.  The results are yet another embarrassment for Rogoff. The title of his article is “Paper money is unfit for a world of high crime and low inflation.”

I’ll leave his claim about removing the “lower bound” on central bank monetary policy to others.  I note only that he ignores the readily available (and superior) alternative of fiscal policy.

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Reply to Reinhart and Rogoff’s NYT Response to Critics

Warren Mosler
(Cross-posted with permission of the author from
The Center of the Universe)

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 continue to exclude from their analysis. Continue reading