Reinhart-Rogoff in One Picture

Last week, I discussed how the Reinhart-Rogoff paper used to justify austerian policies has as its fundamental flaw piss poor data quality control. I think this photo sums it up nicely:


That’s a baby tapir, a relative of the elephants.

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3 Responses to Reinhart-Rogoff in One Picture

  1. twissblog says:

    Also, if you look at their data set–the arithmetic mean drops like a full percentage point because of…New Zealand in the 1950s. Equal weighting. Thanks, guys.

  2. somedude says:

    Tapirs are more closely related to horses and rhinoceroses than elefants.

  3. Lindsay says:

    Adorable *and* hilarious!

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