mistakes http://kplu.org en How an Excel error derailed the federal deficit debate http://kplu.org/post/how-excel-error-derailed-federal-deficit-debate <p></p><p><span style="line-height: 1.5;">Some call it the spreadsheet error heard 'round the world.&nbsp;</span></p><p><span style="line-height: 1.5;">The 2010&nbsp;</span>Reinhart-Rogoff<span style="line-height: 1.5;">&nbsp;paper, <em><a href="http://www.nber.org/papers/w15639.pdf" target="_blank">Growth in a Time of Debt</a>,</em>&nbsp;was the most authoritative report providing hard data on why government spending needs to be cut. Too much debt, the study said, impedes economic growth.</span></p><p><span style="line-height: 1.5;">But a mistake in coding the Excel spreadsheet skewed the results. <a href="http://www.businessinsider.com/thomas-herndon-michael-ash-and-robert-pollin-on-reinhart-and-rogoff-2013-4" target="_blank">Mike Konczal at Business Insider</a> says the spreadsheet mistake is one of three glaring problems in the study. </span></p><p><span style="line-height: 1.5;">The whole debacle serves as a prudent reminder to maintain a healthy sense of skepticism about economic statistics.</span></p><p> Tue, 23 Apr 2013 12:04:00 +0000 Dave Meyer & Greg Heberlein 8503 at http://kplu.org How an Excel error derailed the federal deficit debate Financial pitfalls to avoid http://kplu.org/post/financial-pitfalls-avoid <p>There are few guarantees in the world of finance. Every investment involves risk. But one thing is guaranteed: everyone makes mistakes.</p><p>On this week's <em>Money Matters</em>, financial commentator Greg Heberlein&nbsp;warns us away from some of the most common errors.</p><p> Tue, 23 Oct 2012 12:00:00 +0000 Dave Meyer & Greg Heberlein 6775 at http://kplu.org Financial pitfalls to avoid