Truthiness
I finally felt the need to write a PPR-style response to this DP opinion piece, because…well, it’s just so inaccurate. Let’s dive right in. The Woes of Debt-to-GDP Ratios First, debt-to-GDP ratios. These are all the rage nowadays because Reinhart-Rogoff supposedly proved that countries that pass the 90% mark have reached some dire point-of-no-return. That’s not entirely true. Yale’s Robert [...]
