Bill Black: DSGE Dilettantes v. ADM God Devotees
Black shows how DSGE defenses fall apart, even as their backers lash out at critics.
Read more...Category Archives: Dubious statistics
Student Loan Defaults Approach 5 Million….Using a Very Permissive Definition of “Default”
The latest sighting on the student loan front is not pretty, and would be even uglier if the right metrics were used.
Read more...MIT Professor Angrist Publishes Obviously Misleading Analysis of Uber Driver Economics….With Uber Chief Economist as Co-Author
More Uber boosterism masquerading as analysis.
Read more...Japan’s Tight Labor Market Generates Deflation…
Puzzling over Japan’s super low unemployment with continued deflation.
Read more...New Paper Debunks Desperate Rationalization for Private Equity: Lower Volatility Based on Bogus Valuations
A new paper by Jeff Hooke and Ken Yook of John Hopkins argues that “smoothed,” as in phony, private equity valuations are misleading.
Read more...Nothing Natural About the Natural Rate of Unemployment
Lambert here: “Natural” is indeed one of those words you should watch out for (like “we”). As in, for instance, “natural disaster.” And, of course, the Natural Rate of Unemployment (NAIRU). It’s often amusing to replace “natural” with “artificial”; generally there’s no loss of meaning, and often additional clarity is induced. By Edmund Phelps, the […]
Read more...That’s Not MY Greenhouse Gas!
Climate pacts like the Paris Accord do little because they focus on in-country greenhouse gas emissions, not ones based on consumption.
Read more...Extreme Poverty Cut in Half? Only in the Minds of the Capitalists
The much-touted fall in extreme poverty is more the result of bad or cherry-picked metrics than real progress.
Read more...CalPERS’ Three Card Monte: Makes Unheard of Benchmark Change to Hide Expected Poor Private Equity Performance to Help Staff at Expense of Beneficiaries, California Taxpayers
Yet again, CalPERS is trying to use optics and dodgy reporting to cover up for real problems.
Read more...Improving Patient Care Using Clinical Guidelines and Judgement
Questioning whether enforcement of clinical guidelines and evidence-based medicine produces better patient outcomes.
Read more...Ilargi: The Curious Case of Missing the Market Boom
A skeptical look at a defense of stock market valuations.
Read more...World Bank Must Stop Encouraging Harmful Tax Competition
The World Bank manages to make the IMF look good…..
Read more...Tim O’Reilly: It’s Time to Rewrite the Rules of Our Economy
The economy game is enormously fun for far too few players and an increasingly miserable experience for many others.
Read more...Cheap Sexism and Intellectual Dishonesty about Marriage
A mini-tour of right wing phantasmagora about how oversexed men and insufficiently chaste women are the ruination of the economy.
Read more...Bill Black: Marriage and the Jobs Guarantee
Conservatives are trying to blame low rates of marriage among the young on anything but the state of the economy and the job market.
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