Austerity Economists Continue To Defend Discredited Study

[Snarkoleptic]

Since they're not part of the fact-based community, this is about as surprising as saying "Duck continues to quack." IHMO

But not Carmen Reinhart and Kenneth Rogoff. Instead of admitting their failure, they have refused to admit their mistakes and instead tried to attack their critics. They dismiss both the mathematical error as important, and dismiss the revelation that the two economists cherry picked their data by selectively ignoring whole nations in order to achieve the results desired. They then pointed to a new paper to defend themselves, but a simple checking of their reference material reveals that their numbers in this new paper came from their original piece, the one which has been discredited. This takes their defense and effectively eliminates it.

http://www.addictinginfo.org/2013/04/27/refusing-to-admit-failure-austerity-economists-continue-to-defend-discredited-study/