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Sounds like Gbaji math...Follow

#1 Apr 19 2013 at 4:40 PM Rating: Excellent
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Herndon pulled up an Excel spreadsheet containing Reinhart's data and quickly spotted something that looked odd.
"I clicked on cell L51, and saw that they had only averaged rows 30 through 44, instead of rows 30 through 49."
What Herndon had discovered was that by making a sloppy computing error, Reinhart and Rogoff had forgotten to include a critical piece of data about countries with high debt-to-GDP ratios that would have affected their overall calculations. They had also excluded data from Canada, New Zealand, and Australia — all countries that experienced solid growth during periods of high debt and would thus undercut their thesis that high debt forestalls growth.


Economic studies are beyond my realm of interest, but this seems like a fairly critical (and yet astonishingly simple) "error".
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#2 Apr 19 2013 at 7:45 PM Rating: Excellent
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Economic studies are beyond my realm of interest, but this seems like a fairly critical (and yet astonishingly simple) "error"

Probably the least critical error in the paper, only a story for the human interest angle. The entire methodology was questioned basically immediately, no one could replicate, it was basically a joke in academic circles to such a degree that they felt threatened and agreed to release the actual dataset and this was noticed. It doesn't work if this error doesn't exist, either. Peer review: Still works, ********
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#3 Apr 19 2013 at 8:09 PM Rating: Excellent
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It'd be nice if this turned out to be a big deal, unfortunately the people who are against debt spending are the same ones who were going to ignore the math anyway.
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#4 Apr 19 2013 at 8:34 PM Rating: Excellent
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I'm kinda impressed they went through the excel spreadsheet one line at a time.
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#5 Apr 20 2013 at 10:26 AM Rating: Good
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Based on the debunking of a single economic research paper, it's clear that deficit spending is the only viable answer. And it has such a great track record, too!
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#6 Apr 20 2013 at 1:01 PM Rating: Excellent
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Demea wrote:
And it has such a great track record, too!

Agreed.
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#7 Apr 20 2013 at 1:22 PM Rating: Good
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Demea wrote:
Based on the debunking of a single economic research paper, it's clear that deficit spending is the only viable answer. And it has such a great track record, too!


You did not seriously link to wikipedia as a source for your argument, did you? Was Rush Limbaugh's blog down?
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#8 Apr 20 2013 at 1:23 PM Rating: Excellent
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I don't think he intended anyone to read the text, it was just a pithy way of hiding his zinger.
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#9 Apr 20 2013 at 1:25 PM Rating: Excellent
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Jophiel wrote:
I don't think he intended anyone to read the text, it was just a pithy way of hiding his zinger.


I just hovered over the link. So if that's the case, he was correct in his assumption.
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When it comes to sitting around not doing anything for long periods of time, only being active for short windows, and marginal changes and sidegrades I'd say FFXI players were the perfect choice for politicians.


#10 Apr 20 2013 at 2:56 PM Rating: Good
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Demea wrote:
Based on the debunking of a single economic research paper, it's clear that deficit spending is the only viable answer. And it has such a great track record, too!

Sure bigger is better, but that paltry stimulus more likely than not kept us out of a depression.

Edited, Apr 20th 2013 10:56pm by Elinda
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#11 Apr 20 2013 at 6:04 PM Rating: Excellent
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We got like $22,000 and a new water heater thingy for our building out of that, so I really can't complain too much. There was a big sign by the bathroom that said
"This project funded by the American Recovery and Reinvestment Act" and some thing about upgrading something. It was a really big sign though, kinda spiffy thing to be next to a urinal.
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#12 Apr 20 2013 at 6:13 PM Rating: Decent
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Based on the debunking of a single economic research paper, it's clear that deficit spending is the only viable answer.

Nope, still just fucking MATH. Still based on math. Not even complex math, really. The link to causality in the argument that deficit spending is bad for economies is about as strong as "CPR Kills a lot of people. Look how many people who have CPR performed, die! Most of them!"
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To make a long story short, I don't take any responsibility for anything I post here. It's not news, it's not truth, it's not serious. It's parody. It's satire. It's bitter. It's angsty. Your mother's a *****. You like to jack off dogs. That's right, you heard me. You like to grab that dog by the bone and rub it like a ski pole. Your dad? ***. Your priest? Straight. **** off and let me post. It's not true, it's all in good fun. Now go away.

#13 Apr 20 2013 at 6:45 PM Rating: Excellent
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They apparently don't have you do the breathing part anymore.
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#14 Apr 20 2013 at 7:02 PM Rating: Good
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someproteinguy wrote:
They apparently don't have you do the breathing part anymore.


That's a lie. Just went through CPR training a couple months ago and the ladies said that it was based on a study that the media ran with.

Edited, Apr 20th 2013 9:05pm by TirithRR
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#15 Apr 20 2013 at 8:16 PM Rating: Excellent
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I know nothing beyond that it wasn't part of a refresher course I took a couple years back. Smiley: frown

Well okay, only that the guy told us that people tended to ***** it up, didn't want to touch lips with someone icky, and they had doubts if it was really that effective.

Edited, Apr 20th 2013 7:47pm by someproteinguy
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#16 Apr 21 2013 at 12:40 AM Rating: Good
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The Red Cross first aid app recommends chest compressions only if you're untrained. And rescue breathing only if you've had CPR training. /shrug.

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#17 Apr 21 2013 at 7:31 AM Rating: Decent
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trickybeck wrote:

The Red Cross first aid app recommends chest compressions only if you're untrained. And rescue breathing only if you've had CPR training. /shrug.


CPR training was part of our high school health class. They even brought in an EMT to teach us with a real dummy and everything. Who *hasn't* had some CPR training?
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gbaji wrote:
You guys keep tossing facts out there like they mean something.


#18 Apr 21 2013 at 7:33 AM Rating: Good
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BrownDuck wrote:
trickybeck wrote:

The Red Cross first aid app recommends chest compressions only if you're untrained. And rescue breathing only if you've had CPR training. /shrug.


CPR training was part of our high school health class. They even brought in an EMT to teach us with a real dummy and everything. Who *hasn't* had some CPR training?
Wasn't part of school around here. We got CPR training in Boy Scouts, but if I hadn't been in Scouts, I probably wouldn't have any training.

Edited, Apr 21st 2013 9:36am by Spoonless
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#19 Apr 21 2013 at 7:34 AM Rating: Good
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BrownDuck wrote:
trickybeck wrote:

The Red Cross first aid app recommends chest compressions only if you're untrained. And rescue breathing only if you've had CPR training. /shrug.


CPR training was part of our high school health class. They even brought in an EMT to teach us with a real dummy and everything. Who *hasn't* had some CPR training?
I watched a video about cpr once in HS health class. That is the extent of my CPR training.
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#20 Apr 21 2013 at 9:26 AM Rating: Good
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BrownDuck wrote:
trickybeck wrote:

The Red Cross first aid app recommends chest compressions only if you're untrained. And rescue breathing only if you've had CPR training. /shrug.


CPR training was part of our high school health class. They even brought in an EMT to teach us with a real dummy and everything. Who *hasn't* had some CPR training?

I think if the last time you were trained was 10+ years ago, it doesn't count anymore... I think official certification, for jobs that require it like lifeguard or youth coach, lasts about 2 years.
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#21 Apr 21 2013 at 9:40 AM Rating: Decent
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The only thing I remember about CPR training was how nasty the sanitizing wipe they cleaned the dummy's mouth off with was.
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#22 Apr 21 2013 at 10:29 AM Rating: Good
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Debalic wrote:
The only thing I remember about CPR training was how nasty the sanitizing wipe they cleaned the dummy's mouth off with was.


They give us plastic sheets with one way valves now. I carry a clean one in in a little red CPR bag in my wallet.
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#23 Apr 21 2013 at 2:59 PM Rating: Decent
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trickybeck wrote:
BrownDuck wrote:
trickybeck wrote:

The Red Cross first aid app recommends chest compressions only if you're untrained. And rescue breathing only if you've had CPR training. /shrug.


CPR training was part of our high school health class. They even brought in an EMT to teach us with a real dummy and everything. Who *hasn't* had some CPR training?

I think if the last time you were trained was 10+ years ago, it doesn't count anymore... I think official certification, for jobs that require it like lifeguard or youth coach, lasts about 2 years.


Sounds like you're confusing training with certification.
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gbaji wrote:
You guys keep tossing facts out there like they mean something.


#24 Apr 22 2013 at 7:50 AM Rating: Good
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I'm supposed to get recertified with combat life saver courses every twelve months ... but no, that isn't going to happen.
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#25 Apr 23 2013 at 12:07 PM Rating: Decent
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Demea wrote:
Based on the debunking of a single economic research paper, it's clear that deficit spending is the only viable answer. And it has such a great track record, too!


If you truly think the Recovery Act wasn't wildly successful at providing much needed jobs and sustaining important, middle-class jobs you're a ******* idiot. Yes, the tax cuts by-and-large were a waste of $$ (well, somewhat, at least tax cuts for anyone below upper-middle class often are spent, stimulating the economy), but the funding for clean energy, transportation, and state fiscal aid all created and saved millions of jobs that would have either A) not existed or B) been lost.
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#26 Apr 23 2013 at 12:55 PM Rating: Excellent
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Meh.

Recovery.gov has $790.3B spent so far since 2009 (4 years-ish), in a $14trillion GDP economy. That's what, 1.4% or something over that timeframe? Seems like that's small enough not to be felt by everyone, but big enough to matter to those who directly benefited most. Fiddle with 1.4% of just about anything and you'll see a similar effect.

To put it in other terms: $2,500/person that's not equally distributed. For as big as that rock seemed, those ripples aren't going to be rocking boats everywhere in the pond.
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