It is not true that the revised data showed the opposite of what Reinhard and Rogoff argues for. It just showed it to a much lesser degree. The New Yorker wrote

It is not true that the revised data showed the opposite of what Reinhard and Rogoff argues for. It just showed it to a much lesser degree. The New Yorker wrote a fair but critical analysis: http://www.newyorker.com/online/blogs/johncassidy/2013/04/the-rogoff-and-reinhart-controversy-a-summing-up.html http://www.newyorker.com/online/blogs/johncassidy/2013/04/th...