Do folks out there remember
when a graduate student together with his teachers found serious
flaws in the results from the famous neoliberal economists Rogoff and
Reinhart about the very negative effect of a public debt over 90% on
growth of GDP?
Well,
here is the central table summing up all the miscalculations from
"Does High Public Debt Consistently Stifle Economic Growth? A
Critique of Reinhart and Rogoff", by Thomas Herndon, Michael Ash
& Robert Pollin, published April 15, 2013 as working paper 322
from Political Economy Research Institute at the University of
Massachusetts Amherst.
