OTE Crosses the Pond

July 4th, 2013 at 10:35 am

Headed over to Europe for a week to talk fiscal policy–I know…many snarky comments come to mind, but I will resist.  It’s pretty much mathematically impossible to get your country’s balance sheet in order when r>g (when the nominal interest rate on your sovereign debt is greater than your nominal growth rate), but that doesn’t constitute much of a speech, so I’ll be busy on the airplane.

Light posting depending on time and wireless and jet lag.

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