Reinhart

discussion
Doug
By Doug on Tue, Apr 23, 2013 - 4:29pm

Reinhart and Rogoff refuted

Interesting refutation of Reinhart and Rogoff.  Apparently even they (R&R) admitted they got their numbers wrong.

http://jessescrossroadscafe.blogspot.com/2013/04/realnews-debunking-rogoff-reinhart.html

Given the prominence of their book, how does this refutation affect the way we think about public debt?  90% debt:gdp no longer a cliff, just a milepost.

Doug