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by SilasX
4806 days ago
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I'm not claiming R/R are saints. I'm just objecting to ridiculous strawman implied by: "We show that, contrary to R&R, there is no definitive threshold for the public debt/GDP ratio, beyond which countries will invariably suffer a major decline in GDP growth." RR's claim is entirely statistical, so of course they're not going to claim that exceeding the ratio always ("invariably") leads to a major decline in growth. RR's being wrong doesn't mean it's okay to insinuate they hold ridiculous positions that they really don't. That's just compounding public misconceptions. |
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