Writing Bulls--- for the WSJ Op-Ed Page as a Career Strategy: The Nine Unprofessional Republican Economists

The extra quarter's worth of data from the new BEA NIPA release raises this, once again, to the top of the pile: Note the contrast between the path of investment, on the one hand, implicit in the growth forecast of the effects of the Trump-Ryan-McConnell tax cut that Robert J. Barro, Michael J. Boskin, John Cogan, Douglas Holtz-Eakin, Glenn Hubbard, Lawrence B. Lindsey, Harvey S. Rosen, George P. Shultz and John. B. Taylor, and, on the other hand, reality:



Real Gross Private Domestic Investment Real Potential Gross Domestic Product 1 06 FRED St Louis Fed



If you are even 10% in the explain-the-world business���if you are even 1% in the explain-the-world business���such a sharp disjunction between what you had predicted and the outcome calls forth curiosity, interest, and explanations of why you think you went wrong and what your future research projects will be to figure it out.



Only if you are 100% in the I-am-engaging-in-vice-signalling-by-writing-bulls----to-please-my-political-masters business are you left doing in response to such a very sharp disjunction between your predictions and reality.



Yet as I listen to each and very one of the Nine Unprofessional Republican Economists, all that I hear is: ...




Economics as a Professional Vocation: Bulls--- Detection as a Student Learning Goal
The Nine Unprofessional Republican Economists Have Become Even More Unprofessional


Come to think of it, none of the nine has dared to see that Steve Moore is unqualified to serve on the Federal Reserve, either���and two of the nine, Taylor and Lindsey, are, I am assured, in his corner...




#moralresponsibility #economicsgonewrong #fiscalpolicy #economicgrowth #orangehairedbaboons
 •  0 comments  •  flag
Share on Twitter
Published on April 26, 2019 12:21
No comments have been added yet.


J. Bradford DeLong's Blog

J. Bradford DeLong
J. Bradford DeLong isn't a Goodreads Author (yet), but they do have a blog, so here are some recent posts imported from their feed.
Follow J. Bradford DeLong's blog with rss.