"Adding a Trillion Dollars in Debt is Quite Manageable"
Economist's View —
This is from an
interview of Kenneth Rogoff:
...The Long-Term Consequences of Debt
Region: Well, let's talk about the U.S. debt and its long-term
consequences, in the context of the current economic crisis. The Stabilization
Act authorizes $700 billion, some of which will contribute to the growth of
national debt. Economists such as NYU Professor Nouriel Roubini suggest $2
trillion …
Rogoff: I have, as well, suggested $1 trillion to $2
trillion.
Region: Yes, I think ...
Ken Rogoff Interview
EconLog: Library of Economics and Liberty —
Doug Clement interviews Ken Rogoff . Rogoff says, I've taught for years in my class that many types of money funds and asset classes outside the traditional regulatory system are subject to the same kind of runs as the conventional banking system. I have had my classes write papers about whether the government can credibly promise not to bail out money funds, and if it cannot, then should they be subject to more regulation? This is not a simple question, but researchers need to provide better answers. Read the whole interview. Rogoff knows far more about the topic of financial ...
Rogoff on the Recession
winterspeak.com —
I recommend this nice interview of Ken Rogoff when he talks about the recession, and what is and is not understood by academic macroeconomists. Some key passages: ...

