↧
Image may be NSFW.
Clik here to view.
Clik here to view.
Make ‘em Prove the Causality Before They Cause Any More Suffering: Part One
OK, austerity has always been about the causality. The people who are trying their best to get us to cut more and more spending, somewhat less than their best to get us to raise taxes, and who are...
View ArticleMake ‘em Prove the Causality before They Cause Any More Suffering: Part Two,...
In Part One, I asked whether the Carmen Reinhart/Kenneth Rogoff study and book didn’t show that, on average, nations experiencing debt-to-GDP ratios above 90% had negative rates of economic growth? And...
View ArticleMake ‘em Prove the Causality before They Cause Any More Suffering: Part...
This post is a more complete statement of my conclusions based on the analysis in Parts One and Two of this series. As I’ve explained in Part Two, there’s no reason in the Reinhart-Rogoff (R-R) data to...
View Article