Can Data by Itself Inform Us about the Real World?
Mainstream economists insist that data alone can explain economic events, permitting them to test economic theories. In truth, without sound theory, data is meaningless.
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Mainstream economists insist that data alone can explain economic events, permitting them to test economic theories. In truth, without sound theory, data is meaningless.
David R. Henderson joins Bob to critique a recent Brad DeLong essay, which argued that the
In our age of contested truths, the power to define reality is the ultimate sign of
The hatred and disparagement of gold as money and the gold standard has become standard dogma