Broback's Blog

A favorite of mine from Fooled by Randomness: “It is a mistake to use, as journalists and some economists do, statistics without logic, but the reverse doses not hold: It is not a mistake to use logic without statistics.” I frequently see conclusions from those who lean on tortured data sets in order to reach […]

[Read more →]

Krugman decided to write about the minimum wage today. As one would expect, he is all for raising it. He provides non-controversial assertions that: It’s low by historical standards. Foreign competition is not a relevant factor. He likes the E.I.T.C. and it compliments the minimum wage nicely. The public favors it. A higher minimum wage […]

[Read more →]