Thomas Herndon ’07

Update: Click here to see Thomas talk on the Colbert Report.

On April 15th Thomas Herndon ’07 co-authored a paper titled, Does high Public Debt Consistently Stifle Economic Growth? A Critique of Reinhart and Rogoff, with Michael Ash and Robert Pollin, professors from UMass Amherst Economics Department.

The paper finds a series of data flaws and unsupportable statistical techniques in an influential paper, Growth in a time of Debt, that has been used as factual proof for the necessity of Austerity cuts.

Since publishing their paper, the story has circulated all over the web. Thomas will talk on the Colbert Report this coming Tuesday.

Here is New York magazine’s coverage

In addition UMass has gathered all of the international attention of this story into one blog post here.