Ken Rogoff Decides This Time Is Different

Rogoff was previously chief economist at the International Monetary Fund and now teaches at Harvard. He is a Republican.

Democrats criticized his 1985 paper recommending that the Fed keep inflation low and not try to influence employment.

They also didn’t like it when he told Harvard Magazine, after the Crash of 2008: “We borrowed too much, we screwed up, so we’re going to fix it by borrowing more.”

They really didn’t like it when he published This Time Is Different,

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This Time in the Markets is NOT Different (it never is), We’ve Sequestered Our Brains

A good op-ed from Paul B. Farrell at He explains that despite how different things seem in the markets, despite the technologies utilized and new strategies employed, it is never “different this time.” And we ignore this reality at our perilBut ignore many do. They’ve “sequestered their brains” says Farrell.

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