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Proper response to this:

https://www.ft.com/content/01fc06b8-fb6e-3e36-acb0-a1f8b47a7...

It remains true that high debt ratios hamper growth.

No. Your link is behind a paywall, but I followed the debate during they years, and their results are quite thoroughly debunked.

The article addresses the issues raised by OP. You don't need to read the paywalled article since it just summarizes the statement by Reinhart & Rogoff which is available here [1]. Here is an archive of the actual article if you would prefer to read that [2].

[1] https://scholar.harvard.edu/files/rogoff/files/response_to_h...

[2] https://archive.md/2daXH

So before the corrections the growth was -0.1 percent for debt levels over 90 percent. After their corrections the growth was 2.2 percent. And then they try to pretend that that doesn’t really change the main conclusion of their paper, which was that high debt levels destroy growth.

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