Monday, November 26, 2012

Reinhart & Rogoff in Barron's

The new Barron's interview with Carmen Reinhart and Ken Rogoff is well worth reading. No registration is required, at least for now.

The title is "Top Culprit in the Financial Crisis: Human Nature." They do their homework. Rogoff sees GDP growth being depressed by 1% for a decade or more (probably counting from the onset of the crisis), and advocates higher inflation.