Tag Archives: Kenneth Rogoff

Putdowns with style — economists’ version

I was very chuffed when my favourite econblogger made one of my comments the centrepiece of a post. That is a prominent economist being nice. Then there are economists engaged in public putdowns. In 2002 Kenneth Rogoff penned an open letter to Joseph Stiglitz. In Scott Sumner’s words: I used to think that Ken Rogoff’s 2002 […]

Bubble trouble: about asset booms and busts

Assets are items that produce income or retain value across time periods. Gold is a pure store-of-value asset, as it produces no income. Bonds are pure income assets, as they have no value apart from the income they produce–they are best thought of as a congealed money stream, their value being set by that money […]