Tag Archives: unemployment

Beware the debt and deficit trap and the European mistake. John Menadue

  The Europeans may at last be breaking free of the debt and deficit trap that has caused so much social and economic damage across Europe. Even the IMF is at last challenging the austerity mindset that took hold in … Continue reading

Posted in Economy, Politics | Tagged , , , | 1 Comment

An Excel coding error with tragic consequences. John Menadue

 In 2010, just after the Greek financial crisis, two respected conservative Harvard economists, Reinhart and Rogoff, published a paper ‘Growth in a time of debt’ that said that once debt exceeded 90% of GDP, economic growth drops off sharply. Their … Continue reading

Posted in Economy | Tagged , | 8 Comments