Breakingviews: Debt debate in need of upgrade (The
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Posted On: 04/24/2013 1:00:07 PM
Breakingviews: Debt debate in need of upgrade (The author is a Reuters Breakingviews columnist. The opinions expressed are his own.) By Edward Hadas LONDON, April 24 (Reuters Breakingviews) - In retrospect, last week's debunking of one of the key conclusions of Kenneth Rogoff and Carmen Reinhart about government debt looks inevitable. The whole story, from the initial lavish praise for the Harvard professors to the current harsh criticism, is a sad reminder of the power of ideology in the angry debate over economic policy. In 2011, the two eminent professors claimed to show a tipping point for government borrowing. ...
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