Hannah Fry Instagram – Just after the financial crisis, an influential paper called “Growth in a time of debt” was published, in which two Harvard profs used data to show that high levels of debt hurt a nations economic growth.
The paper was cited at the G20, referenced by George Osborne and Paul Ryan and used as a justification for the global austerity movement.
Except.. the conclusions were based on a pretty important spreadsheet error.
#data #austerity #politics #excel #hannahfry | Posted on 22/Jan/2024 20:32:28
