Twitter | Search | |
Skanda Amarnath ( Neoliberal Sellout )
Rogoff: This is “precisely why open-ended deficit spending during booms is dangerous” Has Ken Rogoff bothered to even look at where long-term Treasury yields are? This is a bizarre moment for him to claim “told you so” when he has been blatantly wrong for so long
Reply Retweet Like More
Skanda Amarnath ( Neoliberal Sellout ) Mar 8
Replying to @IrvingSwisher
When people say all is well with econ and macro, I think Ken Rogoff remains a compelling counterexample. He used his flawed understanding to help make lives materially worse, hasn’t offered any mea culpa, and still retains power and influence within academic and policy circles.
Reply Retweet Like
Trading Places Research Mar 8
Replying to @IrvingSwisher
Try putting the $2.6b in treasuries that the Fed owns back into public markets and see what happens to rates.
Reply Retweet Like
Matt Waters Mar 8
That would just replace one government liability (reserves) with another (Treasuries) in the public market. If markets truly feared the US government's creditworthiness, there wouldn't want reserves and US dollar bank accounts.
Reply Retweet Like
Rob Steinernomics 🍆 Mar 8
Rogoff is on year 10 of his perpetual orgasm from Republicans using his faulty Debt/GDP study to stymie further attempts at stimulus and justify the horrendous Supercommittee on deficit reduction which ultimately gave us Trump. Nice job Ken! Keep it cumming!
Reply Retweet Like
General Theorist Mar 8
Replying to @IrvingSwisher
Amen.
Reply Retweet Like
Max Jerneck Mar 8
Replying to @IrvingSwisher
The wrongest man alive
Reply Retweet Like
Bill Goggin Mar 8
Replying to @IrvingSwisher
He’s just now learning Excel. So cut him some slack, okay.
Reply Retweet Like
Theta Mar 8
Replying to @IrvingSwisher
Love saying we face a 70s type scenario rn
Reply Retweet Like
Fred File Mar 8
And where would the government keep its "savings"? Treasury bills?
Reply Retweet Like
Max Macmillan Mar 8
Replying to @IrvingSwisher
It only makes sense to borrow at very low rates if you have some sort of insider info that nominal growth will be higher, probably due to increasing inflation. The public sector have this insider info, because they are the ones who will choose the policy. Exactly what R fears.
Reply Retweet Like