[lbo-talk] How to pick a date and the wine you choose to go with the meal

Max B. Sawicky sawicky at bellatlantic.net
Sat Dec 27 15:38:23 PST 2003


Luskin is a flaming, untrustworthy liar. He's the Ann Coulter of economic commentary. In the same post, he attacks PK for rounding 6.7 up to 7.

It is perfectly reasonable to take the peak year of '73, since it marks a break from the previous, positive trend. The point PK is making is that we are living under a different trend. 1973 or thereabouts is a milestone in US economic history because it marks the beginning of the productivity slow-down, as well as anticipating a trend of growing inequality.

Different data sources are appropriate depending on the question you are trying to answer.

mbs


>
> I've read LBO for a while now--trying to 'learn me' some economics--and
> i've never posted before but I happened upon a question I thought might
> best be answered here. I found a critique
>
(http://www.poorandstupid.com/2003_12_21_chronArchive.asp#10720429423960995
> 8) of Krugmans latest article in the nation: "The Death of Horatio
> Alger." His main point seemed to be Krugman selectively used the data by
> choosing a year bad year to begin at. My first question is, is there
> anything to this attack? My second question is about the fact that you
> obviously have to choose some date to begin analysis so what is the common
> consensus (I know there probably isn't any) economist have come to about
> dates to use? Is it simply a matter of all economist massaging data to
> back up their assumptions? Any thoughts on the matter would be
> appreciated.
>
> Jim
> http://www.JimN4.blogspot.com
> ___________________________________
> http://mailman.lbo-talk.org/mailman/listinfo/lbo-talk



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