Kenneth Rogoff: $4T of Spending was Needed for US Financial Crisis

Kenneth Rogoff, an economics professor at Harvard University, Author of This Time Is Different: Eight Centuries of Financial Folly and a former chief economist at the International Monetary Fund, talks about the European sovereign-debt crisis, the outlook for the U.S. economy and China’s economy. Rogoff speaks with Tom Keene and Sara Eisen on Bloomberg Television’s “Surveillance.” (Source: Bloomberg)