Saturday, September 23, 2006

jane galt

Jane Galt has had a lot of good posts recently. Here's one of them:
I think one of the biggest problems facing economists, and to some degree other social scientists, is the feeling that if you're just a little bit willing to fudge facts, you could do a great deal of good. If you'd torture the numbers just a little--not even torture, really, just waterboarding and a few stress positions--you could convince people to do what you know, deep in your heart, is the right thing. If you produce numbers showing that tax cuts increase tax revenue, or the minimum wage increases jobs, or GDP doubles for every 10% increase in the salaries of economists--why, you ccould do a whole world of good.

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