Financial Repression

This paper by Rogoff and Reinhardt has professionals discussing the likely trajectory of Government action during the crisis.

I have argued previously that mercantilism and RealPolitik is back, and this paper certainly does not dissuade me from this position.

Even more interesting will be the timing of these measures. I can certainly see the benefits of advocating the Great Repatriation then immediately imposing capital controls and other regulatory requirements to ensure the newly repatriated capital remains sequestered in the U.S. (or any other country choosing to exercise "financial repression" as an option against capital movement).