Baker: Errors by deficit-hawk economists cost how many jobs?

[HT: Vern.]  This is a somewhat technical piece, but it suffices to say that it takes down one of the principle economic arguments for austerity and deficit reduction.

How much real-world damage was caused by policy makers acting on R&R's flawed economic analysis by cutting public expenditures during an economic crisis thereby exacerbating the economic downturn?

Getting economics right matters to millions of real people!

How Much Unemployment Was Caused by Reinhart and Rogoff's Arithmetic Mistake?

By Dean Baker

April 16, 2013 | CEPR

URL: http://www.cepr.net/index.php/blogs/beat-the-press/how-much-unemployment-was-caused-by-reinhart-and-rogoffs-arithmetic-mistake