Republican Debt spreadsheet.

faethor said:
Appears to be an Excel Error
Click to expand...

Ah yes, the Carmen Reinhart and Ken Rogoff Excel "error". I've been meaning to post something on that for a few weeks but it seems so esoteric I wasn't sure it would get any traction. How can a regular person imagine that the fact that their job just went away and they are losing their home can come down to a couple of columns on an excel spreadsheet in an ivory tower.

Obviously the researchers got the answer they were expecting - so no need to double check, and obviously the ruling classes liked it because it told them they were right to go and do what they were already wanting to do - but at what cost to the people of the world.

Maths is important and numbers need to be understood. It was basically bad maths (and fraud, but the bad maths helped the fraudsters feel that it would all work out in the end and that if worse came to worst there would be insurance!) that killed the world economy in 2008 and it's bad maths that's making it worse.

We need to think about doing what Iceland did but on a bigger scale. People who made bad bets lose, and then we go on.
 
do i wanna even look?... ugh gave in and looked... jesus! not again!! :D musta worked well for them the first time, it's why thieves return...
 
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