Wednesday, November 25, 2009

This time is different pt.II

If you like to learn more about "this time is different" (pls see last post) then I highly recommend this podcast/ audio interview with Carmen Reinhart (one of the authors).

Here she for instance sheds more light on inflation (....follows 5 yrs after...:2012), or Capital inflow bonanzas among other things....

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Carmen Reinhart of the University of Maryland talks with EconTalk host Russ Roberts about the ideas in her book This Time is Different: Eight Centuries of Financial Folly (co-authored with Kenneth Rogoff). They discuss the role of capital inflows in financial crises, the challenges of learning the right lessons, and what is generally true about financial crises over time and place. Reinhart applies these observations to the current crisis, discusses the possibility of the U.S. defaulting on its sovereign debt, and discusses the possibility of financial reforms that might make a difference.

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