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View Diary: Reinhart-Rogoff a week later: Why does this matter? (80 comments)

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  •  Well said. This was an attempt (11+ / 0-)

    to propagandize FOR austerity and it failed (thankfully).  The involvement of both Rogoff and Reinhart with the Pete Peterson Foundation can not be overlooked.  Academics who knowingly do things like this need to pay a price.  People have suffered real hardship and pain because of them.  And politicians who jumped on this bandwagon as well as Peterson himself need to be thoroughly discredited and shunned.  

    "A voice is heard in Ramah, weeping and great mourning, Rachel weeping for her children and refusing to be comforted, because they are no more." - from the prophet Jeremiah

    by 3goldens on Thu Apr 25, 2013 at 11:26:39 AM PDT

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    •  It won't have failed until the policies it (2+ / 0-)
      Recommended by:
      Klusterpuck, 3goldens

      engendered are repealed and revoked.  As long as the policies based on its false premise are in place, we cannot definitively say it "failed".

      Republicans are like alligators. All mouth and no ears.

      by Ohiodem1 on Thu Apr 25, 2013 at 02:26:45 PM PDT

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      •  Yep. You are right. (2+ / 0-)
        Recommended by:
        Ohiodem1, Klusterpuck

        Rogoff and Reinhart might have been uncovered as frauds----but we are a long ways from getting away from getting clear of austerity policies.

        "A voice is heard in Ramah, weeping and great mourning, Rachel weeping for her children and refusing to be comforted, because they are no more." - from the prophet Jeremiah

        by 3goldens on Thu Apr 25, 2013 at 02:33:53 PM PDT

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