Rogoff: This Time Is Not Different (That’s a Good Thing)
Author of the classic book on financial crises argues against the chorus of pessimists who envision a new era of long-term stagnation
From: thinkadvisor.com
The case has been made again and again that Americans better get used to a secular shift to low growth and low demand, and that today’s low interest rates are a fundamental reflection of that “new normal” reality.
Enter Harvard…