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View Diary: Make ‘em Prove the Causality before They Cause Any More Suffering: Part One, Before the Fall (8 comments)

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  •  Had it up to here (6+ / 0-)

    too with austerians.

    I don't have a subscription to the Financial Times but I read an article today saying that R&R wrote there yesterday and they are kind of trying to say that they weren't calling for austerity, and austerity isn't the only solution, and stimulus for infrastructure is good.  A big change of tune.

    The causation issue that you write about is really important.  And while they may not have claimed causation in their published study, they certainly hung around with a lot of people who did and I didn not see them correcting them.  

    One article that I read about the correlation/causality thing said that when R&R were with economists, they talked about correlation but when they were with politicians, they talked about causation.

    "Justice is a commodity"

    by joanneleon on Thu May 02, 2013 at 05:00:16 PM PDT

    •  Yes (2+ / 0-)
      Recommended by:
      psyched, joanneleon

      I have the impression that they talked differently to different audiences too. That speaks to the question of their integrity, and is another reason for doubting.

      The same is true of the politicians too. They needed support for their desire to implement austerity, and they just seized on this very weak finding of R-R as a rationale for them to do that. R-R played along, maybe because they believed in austerity, maybe because of the money involved in pleasing the austerians.

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