Reddit mentions of This Time Is Different: Eight Centuries of Financial Folly

Are you familiar with the concept of revealed preferences? There's a reason you went to school in the U.S. & now work in the U.S.

There's no doubt the zeitgeist favors China at the moment: all Xi has to do to get good press is not be Trump. So ask yourself: what is better, consolidating all power & authority in a single individual, or not? If you really think dictatorship and cheating business partners is the way, you definitely should move back to China.

For myself, I see in China a government, leadership, and economy fatally unable to course-correct. Doubling down on oppression, control, and authoritarianism. Doubling down on piling up debt. But maybe this is a new era. Maybe this time will be different.

Hi all

I find Kenneth Rogoff a fascinating character in chess - leaving chess for economics, and doing exceptionally well. It seems his Chessgames.com page is more popular than Magnus Carlsens due to his economics background.

Wiki notes indicate:

"Early in his career, Rogoff served as an economist at the International Monetary Fund (IMF), and at the Board of Governors of the Federal Reserve System.
He is an elected member of the American Academy of Arts and Science as well as a Fellow of the Econometric Society, and a former Guggenheim Fellow.[citation needed]
Rogoff was the Charles and Marie Robertson Professor of International Affairs at Princeton University.[citation needed]
He later served as Economic Counsellor and Director, Research Department of the IMF, from August 2001 to September 2003.[citation needed]
In 2002, Rogoff was in the spotlight because of a dispute with Joseph Stiglitz, a former Chief Economist of the World Bank and 2001 Nobel Prize winner. After Stiglitz had criticized the International Monetary Fund in his book, Globalization and Its Discontents, Rogoff responded with an Open Letter. ..."

...
"Chess career

Rogoff was a gifted chess player and in the late 1970s was one of the strongest players in the United States. He attained the rank of National Master at the age of 14,[2] and was awarded the titles of International Master in 1974 and Grandmaster in 1978.[3] Notable results included second place in the 1975 U.S. Championship[4] and draws in individual games against former world champions Mikhail Tal[5] and Tigran Petrosian.[6]"

Check out this book ranking at Amazon:

http://www.amazon.com/This-Time-Different-Centuries-ebook/dp/B004EYT932/ref=sr_1_1?ie=UTF8&qid=1335461256&sr=8-1

I may cover some of his chess games some time soon if there is interest with some videos.

Here's a great book to give to anyone who thinks that Houston will be able to withstand this oil plunge.