This article by Harvard Professor Kenneth Rogoff, published by Project Syndicate,  is well worth a read. Check it out!

Inflation Is Still the Lesser Evil by Kenneth Rogoff – Project Syndicate.

Personally, I think that the views of Kenneth Rogoff and Paul Krugman have converged significantly this year; however, they are both probably happy for some extra publicity to support their book sales.

I agree with Kenneth Rogoff that modest inflation would stimulate growth, especially in Europe but the ECB still seems to be very conservative.

Kenneth Rogoff – World Economic Forum Annual Meeting Davos 2009 (Photo credit: World Economic Forum)

Any thoughts?

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• Austerity and Demoralization by Robert J. Shiller – Project Syndicate
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