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Kenneth S Rogoff
@krogoff
Professor of Economics at Harvard University, former Chief Economist IMF, International Grandmaster of Chess, Latest book: Our Dollar, Your Problem
Cambridge, MA
Joined August 2011
Posts
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    Almost a decade ago I was the Harvard economist that said that bitcoin was more likely to be worth $100 than 100k. What did I miss? I was far too optimistic about the US coming to its senses about sensible cryptocurrency regulation; why would policymakers want to facilitate tax
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    See my WSJ weekend section article on THE CURSE OF CASH
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    Blaming @bankofengland for woes due to ultra-low world interest rates, globalization and #Brexit uncertainty is naked populism bad economics
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    In 2013, a trio of UMass scholars, using selective citation and polemic misrepresentation, “proved” that high debt matters little for growth by finding an error in an early conference paper. Yet the full published 2012 paper reached the same conclusions and had no errors.
    The anti-austerity movement has lost both momentum and intellectual credibility in recent years. In reality, its free-lunch logic was fatally flawed from the start, says @Harvard’s @krogoff. bit.ly/3HIxxxL
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    A pleasure to be in Paris to give laudation for Silvana Tenreyo's achievement . A brilliant scholar and policymaker, her recent work on exchange rates and monetary policy challenges the sticky-price dollar dominance model many academics and the IMF have coalesced around
    We are delighted to award the 2025 Bernhard Harms Prize to Silvana Tenreyro @LSEnews for her pioneering work in monetary & international economics 👉 ifw-kiel.de/institute/even… The award will be presented on Oct 30 during the 4th Kiel-CEPR Conference on Geoeconomics in Paris!
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    Importantly though, main idea of #TheCurseofCash @krogoff is #LessCash society not #cashless one. weforum.org/agenda/2016/09… @HowToSpeakMoney
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    "When you take bills out of circulation at short notice...he's aiming at the psychology" #BlackMoney #Demonetisation newyorker.com/business/curre…
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    this gradualist strategy is more likely to improve tax compliance and reduce corruption over time
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    If the United States were to face a debt crisis over the next four to five years,  it likely will be very good for crypto assets, if not immediately then in the long run. This will be true whether a US debt crisis morphs into inflation, financial repression, partial default or
    “The United States is approaching the point at which the national debt could undermine not only the country’s economic stability but also the things that have sustained its global power for so many decades,” warns ​​@krogoff. foreignaffairs.com/united-states/…
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    The Supreme Court has ruled that President Trump can only fire Federal Reserve officials for “just cause”. Does “just cause I want to” count? @realDonaldTrump
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    A lot of push-back to calling in big bills comes from people who argue it is equivalent to going cashless. Nonsense. @narendramodi is right
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    Superb and generous article in @NYTmag by John Lanchester featuring #TheCurseofCash and #Demonitization in #India
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