By Vitaliy Katsenelson The Great Recession may be over, but eight years later we can still see the deep scars and unhealed wounds it left on the global economy. In an attempt to prevent an unpleasant revisit to the Stone Age, global governments have bailed out banks and the private sector. These bailouts and subsequent stimuli swelled global government debt, …
One Man’s Opinion: Orwell Or Kafka – Ken Rogoff’s Crusade Against Cash Continues
Authored by Raul Ilargi Meijer via The Automatic Earth blog, Harvard professor and chess grandmaster Kenneth Rogoff has said some pretty out there stuff before, in his role as self-appointed crusader against cash, but apparently he’s not done yet. In fact, he might just be getting started. This time around he sounds like a crossover between George Orwell and Franz …