Harvard University's Austerity promoting Economists have been proved totally wrong by other researchers. Their answer : They are making U-Turns on a dime - Those reckless, careless and sloppy researchers were the basis for Paul Ryan's preachings on austerity

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Excerpt from the Huffington Post :

In the years since its publication, that paper has been cited by many politicians, from Rep. Paul Ryan (R-Wis.) to George Osborne of the U.K., to justify harsh belt-tightening programs despite deep, widespread economic pain in the U.S., U.K. and Europe.

Huffington Post
By Mark Gongloff
Reinhart, Rogoff Backing Furiously Away From Austerity Movement
May 2, 2013

Reinhart, Rogoff Backing Furiously Away From Austerity Movement

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