This is a guest contribution by Marshall Auerback, Braintruster at the New Deal 2.0
by Marshall Auerback
A new book by Kenneth Rogoff and Carmen Reinhart, “This Time It’s Different: Eight Centuries of Financial Follies”, has occasioned much comment in the press…
(This guest post originally appeared at NewDeal2.0)
We’ve persistently taken the view that there is no economic doctrine, no magic number, which would imply a firm external constraint as far as public spending goes, when dealing with a sovereign government issuing…
Chairman Bernanke has responded in writing to a series of question from Senator Bunning.
There are questions on Fed policy, gold, the dollar, and much more. Here are a couple of questions:
Bunning: 58. Are you concerned that the debt to GDP ratio…