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Yes, the terminology is highly tendentious. I encountered it for the first time in the otherwise excellent This time is different: 800 years of financial folly by Reinhart and Rogoff.

There are three stories about the euro crisis: the Republican story, the German story, and the truth. -- Paul Krugman
by Migeru (migeru at eurotrib dot com) on Mon Mar 12th, 2012 at 07:36:15 AM EST
[ Parent ]
In addition to financial repression we need a nastier big brother which I would call financial smothering. Apply financial smothering to the entities that most vociferously protest financial repression. A great way to re-size the financial industry back to something we can live with.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Mon Mar 12th, 2012 at 11:15:37 AM EST
[ Parent ]
I wonder when Reinhart is going to bother to notice modern monetary theory.
by rifek on Mon Mar 12th, 2012 at 06:42:11 PM EST
[ Parent ]

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