A thread on the damages of excel:
1. Rogoff and Reinhart had found that high public debt hampers growth, a finding used to justify austerity cuts. They hadn't selected the entire row to average growth rates. In fact, growth is *higher* at 90% public debthttps://t.co/YY6LAVeh3A pic.twitter.com/ZYNxG7FO6m— Alexandre Afonso (@alexandreafonso) October 5, 2020
Ohne Worte. Weitere Details zur 90-Prozent-Regel von Reinhart und Rogoff findet man auch noch in diesem Beitrag.
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