"Ken Rogoff and I differ seriously on the relative risks of public debt and failure to spend on job creation. One of us is wrong , which means that the other is giving bad advice. (And yes, I’m personally sure that I’m right — but that’s a different argument). But this is an argument in good faith."that's soft touch krugman exculpating a known demon
for christ sake pk the rogue was praying for a north hemi slow down before the toxics imploded bank credit
his global perspective allowed him top seee the two paths diverging ahead
back in the mid 00's
the gross north south trade imbalances
meant a reckoning lay out ahead
either a serious and protracted slow down in north import demand thru a stagnation interval
and a two track global system
north slow south fast
or a serious north hemi devaluation
one or the other was in order
those adicted to the easy arbitrage of fiddled forex
knew which they perfered
the rogue was on their team all the way
the Wally One Worlders'
limited liability profiteers team
recall his crossed swords with "cousin it " stiglitz
back in the day ?
