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On Tuesday’s Colbert Report on Comedy Central, Stephen Colbert responded to news that the primary academic study used to justify austerity is flawed. The result was a complete humiliation of the study’s authors — Carmen Reinhart and Kenneth Rogoff — and the politicians like Paul Ryan (R-WI) who have used the paper to justify brutal cuts.

“It was one of those cultural moments,” said Business Insider‘s Joe Weisenthal. “Suddenly one side just looks like fools in the national media.”

Colbert then brought on the graduate student who debunked the study as homework.

Colbert has a talent for shattering pretense and exposing b*llshit.

The quintessential example of this was his speech at the 2006 White House Correspondents’ Dinner, where he destroyed both the Bush administration’s arrogant incompetence and the press’ willingness to serve that government’s agenda.

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Former Seminole County Tax Collector Joel Greenberg during an interview at his office in Lake Mary, Florida

Joe Burbank/Orlando Sentinel/Orlando Sentinel/TNS

ORLANDO, Fla. – Joel Greenberg, Seminole County’s disgraced former tax collector, has agreed to plead guilty to six federal crimes — including sex trafficking of a child — in a deal that calls for him to cooperate with federal investigators, according to a source with knowledge of the agreement. The deal, which will be made official during a Monday morning court hearing Greenberg is required to attend, marks a turning point in the sprawling federal investigation that has roiled Florida politics and reportedly taken aim at Greenberg’s friend and ally U.S. Rep. Matt Gaetz. In addition to traffic...

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