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Guns end a lot more conversations than they start, which means they're probably not an ingredient for cohesive societies.
Under steady attack after their seminal research was found to be riddled with errors, Harvard economists Carmen Reinhart and Kenneth Rogoff are making a show of backing away from the austerity that their research encouraged. They claim that their views on austerity have never changed, but the record tells a different story. They're still trying to have it both ways -- advocating for government belt-tightening while trying to avoid being seen as political.
A new paper, by University of Massachusetts Amherst economics doctoral student Thomas Herndon and professors Michael Ash and Robert Pollin, says Harvard University scholars Carmen Reinhart and Kenneth Rogoff were wrong in concluding in their 2010 study that a high level of public debt dooms an economy to protracted slow growth. The following is a detailed response from the Harvard economists.
Thomas Herndon, Excel sleuth.
The World Bank
The United States faces daunting economic and budgetary challenges.
Fiscal Year 2012 U.S. Federal Spending – Cash or Budget Basis. Fiscal Year 2012 U.S.
Ed. Clarification: HuffPost Education originally reported that the United States was ranked 14th by the OECD. That figure is the nation's ranking in reading skills, not the overall ranking of the country.
Freakonomics: The Movie is Chad Troutwine’s documentary film adaptation of the phenomenally bestselling book about incentives-based thinking by Steven Levitt and Stephen Dubner.
From OpenCongress Wiki This page is an OpenCongress community project.
USA is the nation with most debt by far in the history of human civilization. USA's total debt, including personal debt, real estate (mortgage) debt, consumer debt, credit card debt and government debt totals a mega $47,992 Billion USD ($47.9 trillion), roughly 2400 trucks full of money.
UEMOA: West African Econ. & Monetary Union
econ blogs i follow
Poverty and Financial Distress Would Have Been Substantially Worse in 2010 Without Government Action, New Census Data ShowSix temporary federal initiatives enacted in 2009 and 2010 to bolster the economy by lifting consumers’ incomes and purchases kept nearly 7 million Americans out of poverty in 2010, under an alternative measure of poverty that takes into account the impact of government benefit programs and taxes.
Behavioural Economics Applied