The global movement to cut government debt in ratio to GDP is being reevaluated, all thanks to a 28 yr grad. student. Here is a prime example of why it's important to always check your math and pay attention to detail, otherwise you could end up with egg on your face (yes even you are a Harvard economist professor).
http://nymag.com/daily/intelligencer/2013/04/grad-student-who-shook-global-austerity-movement.html
This story is just awesome, overnight (not quite literally overnight) a 28 yr old grad student has changed the course of economic thought today.
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