jetpack domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /mnt/stor08-wc1-ord1/694335/916773/www.tvhe.co.nz/web/content/wp-includes/functions.php on line 6131updraftplus domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /mnt/stor08-wc1-ord1/694335/916773/www.tvhe.co.nz/web/content/wp-includes/functions.php on line 6131avia_framework domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /mnt/stor08-wc1-ord1/694335/916773/www.tvhe.co.nz/web/content/wp-includes/functions.php on line 6131Very good. I was surprised Krugman didn’t try to attack it more.
Tbf to Taylor from the Freakonomics criticism – it is common to look at post-1990 data, because a lot of people believe there was a “structural break”. The new phillips curve people do the same thing – which is why Krugman didn’t state it.
The main thing for me is definitely interpreting the data – I’m used to looking at those figures and the policy conclusion of “cutting corporate tax rates” wasn’t actually the first thing that popped into my head. The first thing that popped into my head was “and what, this is what mainstream theory says would happen – its tells us nothing about the impact of policy”.
]]>http://www.freakonomics.com/2011/03/30/how-to-spot-advocacy-science-john-taylor-edition/
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