I think it is great that Colbert brought this to the attention during his show! Though he makes fun of Reinhart & Rogoff as well as Thomas Herndon, who caught their coding error he is still shedding the light on a topic most Americans would not be aware of. In his clip you can see politicians from all over the world quote the the R&R paper to justify spending cuts. Nobody wants debt of more than 90% GDP, but in the end does it really matter? According to U Mass it does not!
I think it is great that Colbert brought this to the attention during his show! Though he makes fun of Reinhart & Rogoff as well as Thomas Herndon, who caught their coding error he is still shedding the light on a topic most Americans would not be aware of. In his clip you can see politicians from all over the world quote the the R&R paper to justify spending cuts. Nobody wants debt of more than 90% GDP, but in the end does it really matter? According to U Mass it does not!
ReplyDeleteOh Stephen *sigh*
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