The Great Reinhart-Rogoff War of 2013 rages on today with a brand new Reinhart-Rogoff salvo on the New York Times op-ed page and a brand new Reinhart-Rogoff rebuttal by New York Times op-ed columnist Paul Krugman.
I want to try to broker some peace.
The Republicans aren’t listening to Ken Rogoff and Carmen Reinhart. (Chip Somodevilla/Getty Images)
It’s true that Reinhart and Rogoff’s initial paper was technically flawed. And it’s also true that Reinhart and Rogoff were happy to be feted as tribunes of austerity even as their paper made more careful claims. But the debate between them and their detractors has covered up the more important fissures that separate both them and their detractors from the Republicans in Congress.