Lies, Damn Lies, and Housing Predictions “Government statistics are often questionable and sometimes turn out to have been highly misleading. Unfortunately for policy makers, such errors are most likely to be severe at precisely the time that the economy is turning around.” –Floyd Norris, “Doubting the Economic Data? Consider the Source”; The NYT (11/6/2014) “It’s...Read More
Explanations and Silver Linings (or Not) for Defeated Democrats At least some Democrats seeking solace in the wake of Tuesday’s blowout Republican win are pointing to gerrymandered Congressional districts as the explanation. Exhibit A: liberal Austin, Texas, which is represented in Congress by no less than four Republicans — each of whom represents a district...Read More
