Harvard Professors Say This Time Really Is Different
In 2009, experts Carmen Reinhart and Kenneth Rogoff showed that financial crises often follow similar patterns.Is it different because the King said so?
Is it different because Rogoff wants to turn the Fed into a tax collector?
Is it different because the King's economic advisors say so?
The article is locked, I take their case.
It is different from the last four recessions because we are doing our regularly scheduled monetary reset. Bu it is just like the last four or five monetary resets we have done. It is different because we managed to fool ourselves for forty years.
Rogoff and Reinhart are now running in cycles, they want this to be different so they can do the same thing we always do. It is not different because we perfectly expected Rogoff and Reinhart to chicken out.
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