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It is false to claim your mistake is only an "academic mess." Reinhart and Rogoff sell government debt cut hard

Who

hurt the U.S. economy more? The line-up features of greedy bankers, lazy legislators, anxious executives and two unusual suspects:. Highly respected economists

However, suspicion fell on Kenneth Rogoff and Carmen Reinhart for good reason. The couple wrote a 2010 economic study was the economic equivalent of false allegations of the Bush administration on Iraq's weapons of mass destruction. Nations pushed into a war against the government, and still be paying the price of unemployment and slow growth.

now economists have reacted with a stubborn pout defense is as liquid as the original investigation, and it is worth shouting about it.

one hand, Reinhart and Rogoff insists that despite this "university agitation," austerity is a good policy Her research pillars of austerity -. Onflawed media data constructed now fallen. During the month, the International Monetary Fund said that the deterioration of austerity economies. Reinhart and Rogoff refusal to let go can remind young economists Mean Girls movie, one girl yells for another try to a popular word meaning:

"Stop trying to" pass "to happen! S 'Not going to happen!"

Reinhart and Rogoff try to pass austerity. Not going to happen.

economists also assume that innocent university whose data are impressive was abused by bad politicians. They deplore the "politicization of the economy." Like J Robert Oppenheimer, who are appalled study could be used to make a bomb.

"This document, as well as other research we have published has been cited frequently - and often exaggerated or distorted - by politicians, commentators and activists from across the political spectrum ... As Economists academic career ... we found these attacks, a sad commentary on the politicization of social science research. But our feelings are not important here. "

online feelings plaintive side, Reinhart and Rogoff are trying to distance themselves from politics. But Reinhart, at least, has not always been an "academic economist career," spent much of the 1980s, very few academic Bear Stearns

Especially not complain of "politicization" when the U.S. Senate often cited work. Your site even boasts numerous political appointments: they knew very well that his idea was popular, but not reported at the time misunderstanding

lie continues: it

selected

be political. They went to Washington and austerity sold difficult. From a book by Senator Tom Coburn:

"Johnny Isakson ... rose to ask:

"The sooner the political leadership reconciles to accept the setting, the higher the risk of actually paralyzing debt problems in the future ... The countries that have laid the foundation for the development true regret. "

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