May 17, 2022

It’s The Debt Stupid – Economic Growth Is Suffocated By Excessive Government Borrowing

Carmen Reinhart and Kenneth Rogoff, in their best selling book, This Time Is Different, have examined sovereign debt defaults over the past eight centuries from around the globe.  Based on their in depth analytical studies, the authors conclude that large scale financial crises such as 2008 inevitably lead to ruinous increases in government borrowing and […]