Daily Archives: April 26, 2013

Reply to Reinhart and Rogoff’s NYT Response to Critics

By
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