3min chapter

The Stronger By Science Podcast cover image

Fireside Chat #7: Open science and biggest gym fails

The Stronger By Science Podcast

CHAPTER

A Simple Error in the Economics of Government Debt

A couple of economists published a paper showing that when government debt gets too high, subsequent g d p growth over the next decade was slightly negative. That finding kind of became the largest part of the evidentiary basis for like, austerity projects that various governments undertook after the financial crisis. The researchers were using an ex el sheet that their data was in, and they just simply accidentally didn't drag down and select all of the rows that they were supposed to run their calculation on.

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