Ask Rogoff and Reinhart Questions About the History of Financial Failures

**Editor's note:** Tonight on the NewsHour, Paul sits down with economists "Kenneth Rogoff":http://www.economics.harvard.edu/faculty/rogoff and "Carmen Reinhart":http://terpconnect.umd.edu/~creinhar/, authors of a new book chronicling an incredible _eight centuries_ of financial crises around the world, "This Time Is Different: Eight Centuries of Financial Folly":http://www.amazon.com/This-Time-Different-Centuries-Financial/dp/0691142165. The authors dug through mountains of data on every financial crisis they could uncover back to the 1300s, hoping to uncover common elements. And uncover them they did: Rapid deregulation, bubbles in real estate, and an influx of foreign savings are often tell-tale signs of a financial crisis to come. So why didn't we see this crisis, which Rogoff and Reinhart argue is far from extraordinary, coming before it hit? Because of another two recurring themes: Arrogance and ignorance. _**Kenneth Rogoff:** Ignorance that this has happened before in other places, in other countries and arrogance thinking we're special, this time is different, we have financial globalization, we're running our economy better._ **Rogoff and Reinhart are taking viewers' questions about past financial crises and comparisons to today.** Simply leave your questions in the comments below or in the box to the right and they'll post their answers here later this week.