Friday, 26 April 2013

Rogoff & Reinhart

Via Paul Krugman I see that Steven Colbert is having fun with R&R. Looks like R&R are turning into the Cloward and Piven of the left. The difference is of course that C&P were never more than bogey men (women) for right wing conspiracy theorists while R&R's argument actually shaped policy and contributed substantially to prolonging the current crisis unnecessarily.

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