The Excel formula that initiated austerity policies after the crisis

"For Excel users, this should be a good story to keep in mind before sharing results of an Excel model."

Shouldn't this be an argument for sharing your model before drawing conclusions and sharing those?

Also, maybe using Excel isn't a great idea for building models that will affect economic policy. Complex Excel sheets can be difficult to debug and version when compared to a more traditional programming language.

This is pretty blog spammy. The story played out very publicly at the time it happened. This Op-Ed by 2 of the UMass economists lays out roughly the same story:

http://www.nytimes.com/2013/04/30/opinion/debt-and-growth-a-...

> In any case, the problem is that their research was cited a number of times by militants of budget cuts and a strict reduction of government debt, even US House Budget Committee Chairman Paul Ryan.

I feel like this should also mention the man is Speaker of the House; if anything it strengthens the point.