Carmen Reinhart and Ken Rogoff wrote a letter to Paul Krugman.
He responded, and so did some others. (DeLong for Krugman; Hamilton for R&R.)
On it goes.
And why not? Austerity is an important subject, the empirical data or lack of it deserves a great deal of attention. Economists calling each other names, probably less so. But it’s so entertaining… Read more


1Time to take basic income seriously?
2We cannae give the economy no more, we're giv'n it all we've got Captain
3On what really is different this time around
4The case for official e-money +1
5The WMP whack, revisited
Show more6Hacking and property prices make the BoE big league
7Tax needn't be taxing. It can also be a Hungarian debt wheeze
8Mediocrity and the civil service in China
9"Companies should know who really owns them..."
10The central bank (communications) bubble
Show fewer