This article reanalyses data used by Reinhart and Rogoff (2010c, American Economic Review, 100: 573�78�RR), and later Herndon et al. (2013, Cambridge Journal of Economics, online, doi: 10.1093/cje/bet075) to consider the relationship between growth and debt in developed countries. The consistency over countries and the causal direction of RR�s so called �stylised fact�…