Kenneth S. Rogoff, the Thomas D. Cabot Professor of Public Policy at Harvard University and former chief economist of the International Monetary Fund, is coauthor of the New York Times bestseller This Time Is Different: Eight Centuries of Financial Folly. He lives in Cambridge, Massachusetts.
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Throughout history, rich and poor countries alike have been lending, borrowing, crashing--and recovering--their way through an extraordinary range of financial crises. Each time, the experts have chimed, 'this time is different'--claiming that the old rul... SEE MORE