Can't wait till Krugman Monday

I suspect that it is much ado about nothing.


Reinhart and Rogoff weren't available to be interviewed, but they did provide the BBC with a statement.

In it, they said: "We are grateful to Herndon et al. for the careful attention to our original Growth in a Time of Debt AER paper and for pointing out an important correction to Figure 2 of that paper. It is sobering that such an error slipped into one of our papers despite our best efforts to be consistently careful. We will redouble our efforts to avoid such errors in the future. We do not, however, believe this regrettable slip affects in any significant way the central message of the paper or that in our subsequent work."
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http://www.bbc.co.uk/news/magazine-22223190
 
Just like austerity has nearly destroyed Europe, if the republican teabaggers had their way, we'll see our economy enter another recession.
 
Howey said:
Just like austerity has nearly destroyed Europe, if the republican teabaggers had their way, we'll see our economy enter another recession.
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if the repugs can stir up/create enough unhappiness via another recession they hope that more people will vote repug
 
Don Quixote said:
austerity is just one method to create chaos when times are hard and in chaos lies opportunity
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Spoken like a true pinhead......


"You never let a serious crisis go to waste. And what I mean by that it's an opportunity to do things you think you could not do before." - Rahm Emanuel
 
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