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-EmpireUkraine Shoots Down F-16 With Patriot, A... Sat Aug 31, 2024 11:53 | Anti-Empire Surprise Offensive Puts 300 km² of Russ... Fri Aug 09, 2024 08:44 | Marko Marjanović The Wholesome Photo of the Month Thu May 09, 2024 11:01 | Anti-Empire In 3 War Years Russia Will Have Spent $3... Thu May 09, 2024 02:17 | Anti-Empire UK Sending Missiles to Be Fired Into Rus... Tue May 07, 2024 14:17 | Marko Marjanović
The SakerA bird's eye view of the vineyard
Alternative Copy of thesaker.is site is available Thu May 25, 2023 14:38 | Ice-Saker-V6bKu3nz
The Saker blog is now frozen Tue Feb 28, 2023 23:55 | The Saker
What do you make of the Russia and China Partnership? Tue Feb 28, 2023 16:26 | The Saker
Moveable Feast Cafe 2023/02/27 ? Open Thread Mon Feb 27, 2023 19:00 | cafe-uploader
The stage is set for Hybrid World War III Mon Feb 27, 2023 15:50 | The Saker
Public InquiryInterested in maladministration. Estd. 2005RTEs Sarah McInerney ? Fianna Fail supporter? Anthony Joe Duffy is dishonest and untrustworthy Anthony Robert Watt complaint: Time for decision by SIPO Anthony RTE in breach of its own editorial principles Anthony Waiting for SIPO Anthony
Human Rights in IrelandIndymedia Ireland is a volunteer-run non-commercial open publishing website for local and international news, opinion & analysis, press releases and events. Its main objective is to enable the public to participate in reporting and analysis of the news and other important events and aspects of our daily lives and thereby give a voice to people.Deptartment of Psychiatry is so corrupt that when David Stephen says "The Government can do anything... Wed Aug 14, 2024 11:41 | dop Julian Assange is finally free ! Tue Jun 25, 2024 21:11 | indy Stand With Palestine: Workplace Day of Action on Naksa Day Thu May 30, 2024 21:55 | indy It is Chemtrails Month and Time to Visit this Topic Thu May 30, 2024 00:01 | indy Hamburg 14.05. "Rote" Flora Reoccupied By Internationalists Wed May 15, 2024 15:49 | Internationalist left |
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?