[John O]

While the excel tip may be good. The headline premise is flawed.

The spreadsheet error did not ruin the global economy, the government debt did. Socialism always crashes, and (except in very rare cases) government debt is alwya a result of socialism

[SeekAndFind]

RE: The spreadsheet error did not ruin the global economy, the government debt did. Socialism always crashes, and (except in very rare cases) government debt is alwya a result of socialism

What do you say to the report that if the model included Denmark, Canada, Belgium, Austria, and Australia, and made a few other adjustments, countries, even with a debt-to-GDP ratio of 90% or higher see average growth rate of 2.2%?

[Pontiac]

Socialism always crashes, and (except in very rare cases) government debt is alwya a result of socialism

In the post WWII period this is true. .

But historically government debt is the result of war.

[rlmorel]

Thank you. Saved me some typing.

[Sherman Logan]

(except in very rare cases) government debt is alwya a result of socialism

Nope. Traditionally, governments went into debt as a result of war.

We're talking pre-1800, of course.

Spain went bankrupt several times. Probably other nations did too.

During the Middle Ages, the most common cause of peace breaking out was one or both sides being unable to borrow enough money to keep fighting.

Since 1800, and particularly 1950, you are quite right.