April 16, 2013

What Interests You? Economics-fueled Politics, and Getting the Facts Straight

Deficit hawks have been touting a 2010 study by Harvard economists Rogoff and Reinhart as evidence that higher levels of US debt spell certain doom for our economic output, based on historical cases. Now a new study has uncovered possible errors in their methodology. The resulting difference may be as stark as night and day.

Rogoff and Reinhart haven’t yet responded, though no doubt they will. This one will be very interesting to watch.

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