As I say, repeatedly: everything that Ken Rogoff writes is very interesting, nd almost everything is correct. But. This part of Ken Rogoff’s piece appears to me to be very much on the wrong track: Ken Rogoff: Debt Supercycle, Not Secular Stagnation: “Robert Barro… has shown that in canonical equilibrium macroeconomic models… small changes in … Continue reading Just What Are the Risks That Alarm Ken Rogoff?