Power is a funny thing in Washington. It can certainly be argued that real power in Washington lies beneath the dome of the Capitol, or within the iron gates of the White House, or even in the chambers underneath the basketball hoops of the top floor of the Supreme Court building. But perhaps the most … Continue reading
Two weeks ago, a grad student at UMass Amherst discovered a spreadsheet error in the Reinhart-Rogoff (R-R) paper, a paper that many austerity advocates cited as proof that too much debt cripples economic growth. In the days and weeks after the spreadsheet error fiasco, many were quick to draw significant implications from this event, calling … Continue reading
