April 27, 2013
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3:47Now PlayingA study used to justify massive budget cuts is not just wrong--it's pathetic. Most of us would get fired for making Excel spreadsheet errors in a major study, but that's just what Reinhart & Rogoff, Harvard and Princeton professors, did in a study warning of the dangers of high debt for the economy. Worse still, their mistaken study was used to justify massive austerity and budget cuts in the US and Europe. How many people lost their jobs because of these professors' mistakes?
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