{"id":368656,"date":"2010-02-26T16:53:00","date_gmt":"2010-02-26T21:53:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/rogoff-america-has-defaulted-and-we-will-run-into-trouble-again-2010-2"},"modified":"2010-02-26T16:53:00","modified_gmt":"2010-02-26T21:53:00","slug":"rogoff-america-has-defaulted-before-and-it-will-run-into-trouble-again","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/368656","title":{"rendered":"Rogoff: America Has Defaulted Before And It Will Run Into Trouble Again"},"content":{"rendered":"<p>Kenneth Rogoff spoke with CNBC today about the threat of sovereign debt crises today.<\/p>\n<p>The Key Points:<\/p>\n<ul>\n<li>When countries hit gross government debt as 90-100% of GDP, problems are bound to arise.<\/li>\n<li>If countries go too long with stimulus it can leave them in a debt trap and with prolonged slow growth.<\/li>\n<li>The U.S. has been in &#8216;default&#8217; before &#8212; when it went off the gold standard &#8212; and there is no reason why it won&#8217;t have problems again.<\/li>\n<li>Banking crises inevitably lead to sovereign debt crises as governments take on the debt. <\/li>\n<\/ul>\n<p>\n<object id=\"cnbcplayer\" classid=\"clsid:D27CDB6E-AE6D-11cf-96B8-444553540000\" width=\"400\" height=\"380\" codebase=\"http:\/\/download.macromedia.com\/pub\/shockwave\/cabs\/flash\/swflash.cab#version=9,0,0,0\"><param name=\"type\" value=\"application\/x-shockwave-flash\" \/><param name=\"allowfullscreen\" value=\"true\" \/><param name=\"allowscriptaccess\" value=\"always\" \/><param name=\"quality\" value=\"best\" \/><param name=\"scale\" value=\"noscale\" \/><param name=\"wmode\" value=\"transparent\" \/><param name=\"bgcolor\" value=\"#000000\" \/><param name=\"salign\" value=\"lt\" \/><param name=\"movie\" value=\"http:\/\/plus.cnbc.com\/rssvideosearch\/action\/player\/id\/1425720804\/code\/cnbcplayershare\" \/><embed type=\"application\/x-shockwave-flash\" width=\"400\" height=\"380\" src=\"http:\/\/plus.cnbc.com\/rssvideosearch\/action\/player\/id\/1425720804\/code\/cnbcplayershare\" name=\"cnbcplayer\" pluginspage=\"http:\/\/www.macromedia.com\/go\/getflashplayer\" allowfullscreen=\"true\" allowscriptaccess=\"always\" bgcolor=\"#000000\" quality=\"best\" wmode=\"transparent\" scale=\"noscale\" salign=\"lt\"><\/embed><\/object>\n<\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/rogoff-america-has-defaulted-and-we-will-run-into-trouble-again-2010-2#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/8KdMEAoEQ18\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kenneth Rogoff spoke with CNBC today about the threat of sovereign debt crises today. The Key Points: When countries hit gross government debt as 90-100% of GDP, problems are bound to arise. If countries go too long with stimulus it can leave them in a debt trap and with prolonged slow growth. The U.S. has [&hellip;]<\/p>\n","protected":false},"author":1977,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-368656","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/368656","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1977"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=368656"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/368656\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=368656"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=368656"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=368656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}