We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Post hoc, non propter hoc

8 Mar 2012 By Edward Hadas

Economists Carmen Reinhart and Kenneth Rogoff concluded that growth declines when sovereign debt rises above 90 pct of GDP. But new studies cast doubt on that finding. Besides, it’s mostly economic and political dysfunction that leads to excessive debt, not the other way around.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)