France Rises Up Against the New Fascism - Vaccine Passports 23:57 Jul 21 3 comments George Floyd: one death too many in the “land of the free” 23:58 Jun 23 0 comments The leveraged buyout, exploitation and punishment beating of Greece as warning to others. 11:45 May 11 0 comments Red Banner issue 60 out now 13:18 Jun 22 0 comments Red Banner issue 59 out now 17:46 Mar 28 0 comments more >>Blog Feeds
Anti-EmpireRussia Has 17 Percent More Defense Jobs ... Tue Apr 30, 2024 11:56 | Marko Marjanović That Time Blackwater and US Army Shot Ea... Sun Apr 28, 2024 12:54 | Marko Marjanović Rheinmetall Plans to Make 700,000 Artill... Thu Apr 25, 2024 04:03 | Anti-Empire America’s Shell Production Is Leaping,... Wed Apr 24, 2024 05:29 | Anti-Empire Ukraine Keeps Snapping Up Chinese Drones Tue Apr 23, 2024 03:14 | Anti-Empire
Human Rights in IrelandA Blog About Human RightsUN human rights chief calls for priority action ahead of climate summit Sat Oct 30, 2021 17:18 | Human Rights 5 Year Anniversary Of Kem Ley?s Death Sun Jul 11, 2021 12:34 | Human Rights Poor Living Conditions for Migrants in Southern Italy Mon Jan 18, 2021 10:14 | Human Rights Right to Water Mon Aug 03, 2020 19:13 | Human Rights Human Rights Fri Mar 20, 2020 16:33 | Human Rights
Lockdown Skeptics
Chris Packham?s BBC Series Warning of ?Mass Extinction? by CO2 is Propaganda, Not Science Thu May 02, 2024 07:00 | Chris Morrison
News Round-Up Thu May 02, 2024 01:10 | Richard Eldred
Slavery Did Not Make Britain Rich, Report Finds Wed May 01, 2024 19:00 | Will Jones
Government Caught Playing Hardball Over Vaccine Injury Payouts as Victims? Legal Bills Mount Wed May 01, 2024 17:00 | Will Jones
How to Say ?NO!? to Clearly Crazy Policy Ideas Wed May 01, 2024 15:18 | Joanna Gray
Voltaire NetworkVoltaire, international editionParis 2024 and Berlin 1936 in the service of an impossible imperial dream, by Th... Tue Apr 30, 2024 07:07 | en Georgia and the financing of political organizations from abroad Sat Apr 27, 2024 05:37 | en Voltaire, International Newsletter N°84 Sat Apr 27, 2024 05:35 | en Israel's complex relations with Iran, by Thierry Meyssan Wed Apr 24, 2024 05:25 | en Iran's hypersonic missiles generate deterrence through terror, says Scott Ritter... Mon Apr 22, 2024 10:37 | en |
Oops...remember what we said in our report...Y'know, that "fact" quoted by Ollie Rehn, Geitner and others as THE argument for austerity measures? erm...well... it was just an excel error. Sorry!
international |
anti-capitalism |
other press
Saturday April 20, 2013 12:48 by fred
REINHART AND ROGOFF: " 'Full Stop,' We Made A Microsoft Excel Blunder In Our Debt Study, And It Makes A Difference." The oft quoted rationale for austerity measures by such people as Ollie Rehn and Tim Geitner turns out to be the result of an excel blunder by the authors
LINKS: [more will be added as situation unfolds, most recent first] businessweek - good faq on the error: http://www.businessweek.com/articles/2013-04-18/faq-reinhart-rogoff-and-the-excel-error-that-changed-history thinkprogress - "European Union Pledges To Curb Austerity": http://thinkprogress.org/economy/2013/04/19/1894971/europe-united-states-austerity/ REFERENCED ARTICLES: here: http://www.businessweek.com/articles/2013-04-16/twitter...clash and here: http://www.businessinsider.com/reinhart-and-rogoff-admi...013-4 Reinhart and Rogoff, two poster children for austerity. Now the centre of a major economic and political shitstorm!! |
View Comments Titles Only
save preference
Comments (1 of 1)
Jump To Comment: 1What is amazing is the paucity of proper analysis by so called economists if all they can come up with is basing austerity on this one single flawed paper. It just shows the depth of the stupidity but what it really shows is that all of this is a religious or ideological exercise because there is no science in their method and they simply use the first bit of flawed and shallow analysis that happens to be in tune with what they really wanted to do all along which is impose austerity. Make no mistake these people are quite aware of its effects and the true goal of the exercise and that is to transfer vast sums of money and assets from the ordinary people and public owned assets to tiny and extremely wealthy layer at the top who lord over us all through the control of the media, think tanks, international banks and mostly important the apparatus of the state in the form of the police, courts and army.
Why are people so stupid to play their game?