things will happen. my problem now with carmen and ken while they have said a lot of things that indicate more flexibility, they have never, to my knowledge said clearly, okay, there is no cliff at 90%. and we really need that from them. for them to say, look, we think debt is dangerous. we think it is a problem. but 90%, that thing, that was the artifact of some things in our original calculation that do not appear in subsequent work. are you surprised by how personal this has gotten? the stakes are high. from my point of view, they went pretty far out on a limb with work, which is far weaker than anything else in their careers. unfortunately, that became really, that became what they are known for and then if you said, this is really bad work and has had an effect on policy, which i believe to be the truth, how can it not be personal?
ken rogoff and carmen rinehart which countries start growing much, much more slowly. they wrote a letter back because you criticized them for feeding this austerity mania which caused governments to slash spending and they say you have engaged in spectacularly uncivil behavior in the past weeks and you attacked us in very personal terms, virtually nonstop. you have doubled down, your characterization of our work to is selective and shallow. it is deeply misleading. you were graduate students in m.i.t. together. almost everybody you heard of. it is a village. it is kind of scary. it s very unpleasant. ken is a magnificent economist. does fabulous work over the years. one paper that was thrown out hastily, unfortunately, is the one that has had the greatest impact on policy debate.
0 57 years, 177 days. he has been a congressman longer than any member of my staff at state of the union has been alive. like i said, wow. thanks for watching state of the union. i m candy crowley in washington. you stay tuned for fareed zakaria. he is celebrating his fifth anniversary, up next. this is gps, the global public square. welcome to all of you in the united states and around the world, i m fareed zakaria. today s show marks our fifth anniversary and one of our classic gps panels to start us off. nicholas kristof, danielle pletka and david remnick will sit down to talk about syria, russia and the future of the republican party. then is the american economy back? we ll try to understand the new data with nobel prize-winning economist paul krugman. and what to make of krugman the great celebrity food fight. i ll explain. also, a first look inside the hermit kingdom. exclusive video from dennis rodman and the harlem globetrotters. what is it like breaking bread wi
0 will have served in congress for 57 years, 177 days. he has been a congressman longer than any member of my staff at state of the union has been alive. like i said, wow. thanks for watching state of the union. i m candy crowley in washington. you stay tuned for fareed zakaria. he is celebrating his fifth anniversa anniversary, up next. this is gps, the global public square. welcome to all of you in the united states and around the world, i m fareed zakaria. today s show marks our fifth anniversary and one of our classic gps panels to start us off. nicholas kristof, danielle pletka and david remnick will sit down to talk about syria, russia and the future of the republican party. we ll try to understand the new data with paul krugman and what to make of krugman the great celebrity food fight. i ll explain. also, a first look inside the hermit kingdom. exclusive video from dennis rodman and the harlem globetrotters. what is it like breaking bread with kim jong-un. we ll ask
this week in the debate than all of japan, mexico, or europe? first, my take. the international monetary fund s latest world economic outlook makes for gloomy roading. growth projections have been revised downward almost everywhere, especially in europe and the big emerging markets like china. yet when looking out over the next four years, coincidentally the next presidential term, the imf projects that the united states will be the strongest of the world s rich economies. u.s. growth is forecast to average 3%, much stronger than that was germany or france, at 1.2%, or even canada at 2.3%. increasingly the evidence suggests that the united states has come out of the financial crisis of 2008 in better shape than its peers because of the actions of its government. perhaps the most important cause of america s relative health is the federal reserve. ben bernanke understood the depths of the problem early and responded energetically and creatively. the clearest vindication of h