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Meet the graduate student who debunked Republican theories on the economics of austerity
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By Pat Cunningham
April 22, 2013 11:17 a.m.

Last week, I gave you THIS.
Today, I give you THIS:

The world of economics has just changed, and somebody has some ‘splaining to do! Please savor the following twisted tale of bad math, academic folly and pundit hubris.

Since 2010, the names of Carmen Reinhart and Kenneth Rogoff have become famous in political and economic circles. These two Harvard economists wrote a paper, “Growth in the Time of Debt” that has been used by everyone from Paul Ryan to Olli Rehn of the European Commission to justify harmful austerity policies. The authors purported to show that once ...

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