Here is the link that seems to work. http://www.nakedcapitalism.com/2013/10/ken-rogoff-loses-it-calls-criticism-of-errors-in-debt-paper-a-witch-hunt.html
Recall the contretemps: Carmen Reinhart and Kenneth Rogoff published a 2010 paper, Growth in the Time of Debt, which based on data from 44 countries that growth levels went negative once government debt to GDP ratios rose over 90%. This article was taken up eagerly by the pro-austerity crowd as definitive proof of the dangers of too much borrowing Read more at http://www.nakedcapitalism.com/2013/10/ken-rogoff-loses-it-calls-criticism-of-errors-in-debt-paper-a-witch-hunt.html#7xGjTyJVZYq2fQc2.99Recall the contretemps: Carmen Reinhart and Kenneth Rogoff published a 2010 paper, Growth in the Time of Debt, which based on data from 44 countries that growth levels went negative once government debt to GDP ratios rose over 90%. This article was taken up eagerly by the pro-austerity crowd as definitive proof of the dangers of too much borrowing Read more at http://www.nakedcapitalism.com/2013/10/ken-rogoff-loses-it-calls-criticism-of-errors-in-debt-paper-a-witch-hunt.html#7xGjTyJVZYq2fQc2.99This is in reference to a 2010 paper by Carmen Reinhart and Kenneht Rogoff that claimed to show that growth levels went negative once government debt to GDP rose over 90%, thereby `proving' too much borrowing killed recovery, a happy outcome for the pro-austerity crowd to cheer and insist on austerity as the way out of recession. Rogoff went postal over his critics as a `witch hunt'...etc. I remember this from last year or so but have forgotten it. Wish I had remembered it for a dinner party argument... Thanks. CG _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
