Stimulating the Debt

By Matthew Continetti

Published July 21, 2010 12:10pm ET

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Stimulating the Debt — Kenneth Rogoff, coauthor of This Time is Different, in the FT: The fact that the markets seem nowhere near forcing adjustment on most advanced economies can hardly be construed as proof that rising debts are riskless. Indeed, the evidence generally suggests that the response of interest rates to debt is highly non-linear. Thus, an apparently benign […]

Kenneth Rogoff, coauthor of This Time is Different, in the FT:

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