economics en How an Excel error derailed the 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="" 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="" 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 How an Excel error derailed the federal deficit debate