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View Diary: Bogus Reinhart Rogoff Study: Authors Have Ties to Pete Peterson (91 comments)

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  •  U dont have the facts (8+ / 0-)
    1) They combined results from countries that had fiat currencies with countries that do not control their own money supply.

    2) They used an arbitrary and bizarre weighting system that weighted small countries that confirmed theri conclusions much more heavily than large countries which didn't.

    #) They ignored the "correlation doesn't equal causality" caveat and worse, they assumed an illogical causal chain:
    High debt to GDP ratios => economic recession rather than the more logical economic recession => greater debt.

    $) THEN they made the infamous "Excel coding" which just happened to leave out data that would have affected their conclusion.

    by dallasdunlap on Mon Apr 22, 2013 at 10:40:37 AM EDT

    .................expect us......................... FDR 9-23-33, "If we cannot do this one way, we will do it another way. But do it we will.

    by Roger Fox on Wed Apr 24, 2013 at 07:56:34 PM PDT

    [ Parent ]

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