Friday, April 19, 2013

When Republican Economists started to believe that the sky was going to fall ! --- A small mistake in an Excel spreadsheet by a Harvard Economist caused a Big Economic Depression - The Butterfly effect : the flap of a wing causes a big hurricane or tornado

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NASA’s Mars Orbiter crashed because an engineer forgot a metric conversion.

Paul Krugman says "Policy makers abandoned the unemployed and turned to austerity because they wanted to, not because they had to." - "Did an Excel coding error destroy the economies of the Western world ?."

Because of Mistakes in their analysis Harvard Economists falsely assured that "Once debt exceeds 90 percent of gross domestic product, economic growth drops off sharply."


The New York Times
The Excel Depression
By PAUL KRUGMAN
April 18, 2013


The Excel Depression


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