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gh debt levels. A coding error in their Excel spreadsheet sliced several countries out of the data set. Several critical years of post-war data from New Zealand were left out, thereby omitting a time in which both its debt level and growth rate were high. And the authors reckon the Reinhart-Rogoff method of
ggled to specify when a country needs to worry about its debt load. In a 2010 paper Carmen Reinhart, now a professor at Harvard Kennedy School, and Kenneth Rogoff, an economist at Harvard University, seemed to provide an answer. They argued that GDP growth slows to a snail's pace once government-debt levels ex
nment Alcoa Inc. USA Affairs Yolanda Cuba Non-Executive Director Reunert Ltd South Africa Daniel Joshua Global Changemaker British Council New Zealand Cullum H. Lawrence Culp President and Chief Executive Officer Danaher Corporation USA Nelson W. Managing Partner McLarty Associates USA Cun
Robin Luiz Rocha Darius Rochebin Edward B. Rock Christopher Rodrigues Carlos Rodriguez-Pastor James E. Rogers Jim Rogers John F. W. Rogers Kenneth Rogoff Urs Rohner James E. Rohr Michel Rollier Guy Rolnik David Roman Augustin Romanet de Beaune Marvin F. Romanow Kasper Rorsted John Rosanvallon
oS So | | | | | | | | | | | | | | $0 Korea Japan Greece UK lreland Belgium Turkey Czech Republic Mexico Poland Hungary Slovak Republic Portugal New Zealand OECD average Finland Iceland Sweden Australia Denmark Netherlands Germany France Austria Canada Switzerland Norway Luxembourg Note: OECD data adjust
enue sufficient to support entitlement spending + interest payments until ZOG0E — 35 years later than current projection. Note: *Carmen Reinhart and Kenneth Rogoff observed from 3,700 historical annual data points from 44 countries that the relationship between government debt and real GDP growth is weak for de
Other OECD Countries Mathematics Ranking* Science Ranking* 2000 2009 2000 2009 i Japan S. Korea 1 Korea Finland 2 S. Korea Finland 2 Japan Japan 3 New Zealand Switzerland 3 Finland S. Korea 4 Finland Japan 4 UK New Zealand 5 Australia Canada 5 Canada Canada 6 Canada Netherlands 6 New Zealand Estonia 7 Switz
1 1 6 7 1 2 4 3 1 1 3 1 2 1 1 2 1 0 1 1 0 2 0 Top 1-25 Global $32,438 $47,081 -3% 81% $2,790 34,632 57,937 -2 100 2,885 Note: “Carmen Reinhart and Kenneth Rogoff observed from 3,700 historical annual data points from 44 countries that the relationship between government debt and real GDP growth is weak for deb
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