Monday, January 12, 2009

Honest vs. Dishonest Economists

Nate Silver just came out of nowhere this year to create the best political blog on the net. He is an unashamed progressive, a statistics geek, and now it turns out he studied economics at the University of Chicago, which means he's steeped in the now discounted Friedman school.
So, when he calls out Greg Mankiw, it has the ring of credibility.
His commenters are pretty smart, too, and there are few trolls.

He knows very well what the Romer and Romer paper says -- and he's made a deliberate choice to misrepresent it.

In poker terms, this is what we'd call a "tell". Mankiw doesn't have anything. He's bluffing. Out of ideas. Taking one for the team, and touting the party line for shits and giggles. Except, this isn't exactly fun and games, and Mankiw should leave the discussions to people who are serious about getting our economy moving again.

4 comments:

  1. And an old home boy from Michigan.

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  2. Nate Silver's from Michigan? Who knew? So was Malcolm X. And Michael Moore. And me.
    Oh, and Carl Levin and Amway. Jeebus, almost as bad as California.

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  3. You got one wrong, jmac. Malcolm X is not a Michigan native. He and Marlon Brando were born in the same state.

    Nate was born, raised, and educated (through high school) in East Lansing.

    Next you will be claiming Gerald Ford as a native son!

    How about that?

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  4. Listen, I get them wrong all the time, I'm just blowin' in the wind here. Okay, Brando and Malcolm and Ford all spent some time in Nebraska, too. Just like me.
    Nate not so much, prolly.

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