Tag Archive: Kenneth Rogoff

Proposed Negative Rates Really Expose The Bond Market’s Appreciation For What Is Nothing More Than Magic Number Theory

2019-05-23

By far, the biggest problem in Economics is that it has no sense of itself. There are no self-correction mechanisms embedded within the discipline to make it disciplined. Without having any objective goals from which to measure, the goal is itself. Nobel Prize winning economist Ronald Coase talked about this deficiency in his Nobel Lecture:

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Don’t Blame Trump When the World Ends

2017-02-04

by MN Gordon

2017-02-04

The General Theory of Employment, Interest, and Money.

There was, indeed, a time when clear thinking and lucid communication via the written word were held in high regard. As far as we can tell, this wonderful epoch concluded in 1936. Everything since has been tortured with varying degrees of gobbledygook.

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Cash Bans and the Next Crisis

2016-09-15

by Bill Bonner

2016-09-15

Money sometimes goes “full politics”. Take poor Kenneth Rogoff at Harvard. He wants a dollar with a voter registration card, a U.S. flag on its windshield, and a handgun in its belt – the kind of money that supports the Establishment and votes for Hillary.

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Rogoff Warns “Cash Is Not Forever, It’s A Curse”

2016-09-14

by Christoph Gisiger

2016-09-14

Kenneth Rogoff, Professor of Public Policy at Harvard University, postulates to get rid of cash. In his opinion, killing big bills would hamper organized crime and make negative interest more effective. Kenneth Rogoff makes a provocative proposal. One of the most influential economists on the planet, he wants to phase out cash.

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Macro Thinking: FOMC, USD, and EU

2016-06-16

by Marc Chandler

2016-06-16

The Federal Reserve modified its stance yesterday without changing rates. It is not just about how fast the Fed sees itself normalizing monetary policy but also where the level of the equilibrium rate. The FOMC statement, but especially the officials’ forecasts (dot plots) effective unwound the impact of the earlier Fed talk of the likely …

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Great Graphic: Measuring Cost of Extend and Pretend

2016-04-26

by Marc Chandler

2016-04-26

There is a debate. On one hand is Summers, who argues that modern economies have entered an era of secular stagnation. Full utilization of the factors of production and particularly capital and labor is not possible without stimulating aggregate demand in a way that facilitates bubbles. The broad strokes of the argument can be found …

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100 Years of Mismanagement

2016-04-21

by Bill Bonner

2016-04-21

Lost From the Get-Go There must be some dark corner of Hell warming up for modern, mainstream economists. They helped bring on the worst bubble ever… with their theories of efficient markets and modern portfolio management. They failed to see it fo...

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The Path to the Final Crisis and Negative Rates

2016-04-01

by Pater Tenebrarum

2016-04-01

Reader Questions on Negative Interest Rates Our reader L from Mumbai has mailed us a number of questions about the negative interest rate regime and its possible consequences. Since these questions are probably of general interest, we have decided ...

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The S.H.O.E. Crisis

2016-01-13

by Marc Chandler

2016-01-13

The weak growth, large output gap, low return on capital, and a host of other economic malaise are widely recognized. There seem to be two main schools. One is associated with Reinhart and Rogoff. They argue that "this time is not diffe...

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Great Graphic: US 2-Year Premium over Japan and Germany

2015-11-25

by Marc Chandler

2015-11-25

This Great Graphic was composed on Bloomberg. It shows two time series. The yellow line shows the premium the US pays over Germany for two-year money. The white line shows the premium the US pays over Japan for two-year money. The premiums have risen sharply since mid-October and today are at new multi-year highs. … Continue...

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