An error correction comment (ie, by a commenter, not the newspaper) over at the Indy:
Worth reading up the folly of austerity and the way Osbourne and folks of his political leaning jumped on a paper by Economists Reinhart and Rogoff that cited debt above 80% of GDP as a cause of negative growth. They used this to convince everyone that austerity was needed.
However the maths was found to be bad and the paper debunked by Harvard students. Reinhart and Rogoff apologised.
It was 90%, Reinhart and Rogoff are at Harvard, it was people at UMass who found the coding error……