Harvard Economist Rogoff: Debt Crisis Looming, High Earners to Bear the Cost

Harvard economist and former IMF Chief Economist Kenneth Rogoff predicted at Jackson Hole that the US will face a debt crisis, financial repression…

Rogoff noted that the budget deficit stands at 6-7% of GDP in peacetime and that no political coalition is prepared to close this gap. He stated that countries like the UK, France, and Belgium face similar…