by Tom Dyson
Earlier this month, Ken Rogoff proposed the Federal Reserve adopt “deeply negative interest rates.” Maybe -5%.
Who is Ken Rogoff and why is this an important signpost?
As we’ve pointed out many times, we are in the final stages of the greatest financial experiment the world has ever seen. A bankrupt government is trying to prop up a collapsing debt bubble using the central bank’s money printer.
Ken Rogoff is a prominent Harvard economist and former chief economist of the International Monetary Fund. He’s authored several controversial publications, including The Curse of Cash, a step-by-step guide to eliminating cash from the economy… and This Time Is Different, a study of government debt crises – and their resolutions – going back 200 years.