R&R need to go into hiding for a while...take some long term R&R.
Well, thank goodness for UMass-Amherst grad student Thomas Herndon who discovered the error in the Reinhart-Rogoff paper and thoroughly debunked those right-wing scamsters.
Now can we all get our Social Security and other social programs BACK?!!!
"It was interesting that when other economists who were not able to replicate the results of Reinhart and Rogoff asked to see the spreadsheets that contained their analysis, their requests were turned down.** But when Herndon, who was enrolled in a course that required students to do a term paper that replicated other people’s papers, also failed in this task and asked for access, they granted it to him. Perhaps they felt that a mere graduate student was no threat to them. This whole episode illustrates the importance of transparency in academic work. You have to give other people enough information to enable them to check your work.
What I learned that was new from the Colbert segment was that the Reinhart-Rogoff paper was never subjected to peer-review. It was what is called a ‘working paper’, circulated among peers and not published in a journal. Why would such an unchecked document have such clout? Because it said what powerful people wanted to hear.
Will this revelation change anything? I don’t think so. When you have the oligarchy and its media lackeys and servants in the political and academic classes strongly pushing an agenda, they do not let facts get in the way. Reinhart and Rogoff were useful to the oligarchy in getting this train going. Now that it is barreling along, their shoddy work will be ignored and new reasons will be concocted to justify the same policies."
** This is kind of like when NIST wouldn't let people see their data for their computer modeling of the collapse of the WTC buildings. When you have something to hide...you hide the data.
But another paper that was openly published in a peer-reviewed scientific journal, publishing their data, was/is being ignored by a lot of people...especially rich and powerful people that have a lot to lose if you find out the truth.
Be sure to watch Thomas Herndon being interviewed on The Colbert Report...