All civilization has from time to time become a thin crust over a volcano of revolution.

- Havelock Ellis

Wonky Fun

If you love economics--and what great thinker doesn't--you'll enjoy the tiff over a paper that shows government debt negatively affecting economic growth:


Harvard's Reinhart and Rogoff Publish Formal Correction

Is there really anyone out there that believes there is not a tipping point when government debt becomes a societal obstacle to economic growth--aside from idiot Krugman, of course?

posted at 02:46:35 on 05/09/13 by clearpolitics - Category: Economics - [Permalink]

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The Gross National Debt