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user-inactivated  ·  4228 days ago  ·  link  ·    ·  parent  ·  post: Mike Konczal: Researchers Finally Replicated Reinhart-Rogoff, and There Are Serious Problems.

You can't call any of these 'exact numbers' in any sense though. As nice as it would be to have a road map to economic success, these are samples without controls like almost all economic science. Everything you see is an analysis of an extremely complex system with an excel sheet. Exact numbers do matter, but we don't have them.

Maybe if reducing the deficit was practiced at any time in the United States then we could talk about 'if' and 'when' but I say better late than never. We simply do not have enough data to move beyond common sense yet.