Excel Spreadsheet Error: Lessons from the Reinhart-Rogoff Controversy

Dean Baker explains why the Reinhart-Rogoff spreadsheet error was important for the debt debate controversy-it allowed for real debate:

"At this point everyone who follows economic policy debates knows about the famous Reinhart-Rogoff spreadsheet error uncovered by a University of Massachusetts graduate student. When the error is corrected, there is nothing resembling the growth falloff cliff associated with a 90 percent debt-to-GDP ratio that had been the main takeaway from the initial paper..." (see rest here).