correlation is not causation, ace.
you can show correlation between any two variables and even produce a nifty graph that makes it appear o-so-objective.
but your entire information source is a wsj editorial.
you are defending a hopeless economic theory.
this does not speak well to credibility of your arguments.
i was hoping to find hauser's paper in which this model was developed, but so far my intermittent net access (one of the real treats of moving house) has gotten in the way--from what i have found, however, i am more than suspicious of everything about the infotainment you provided.
so do you have the research behind this ace?
have you looked into how the modelling was done, what the methodology was?
if so, care to explain it? or post a link?
because so far as i can see, all you've got behind your supply-side cant is an editorial that presents NO information that you believe because it fits with your metaphysical understanding of markets.
if you don't have the information, and given that anyone can generate correlations using a regression analysis or any number of other relatively simple statistical models, and that no chart bit in a wsj editorial without any reference to method, without any reference to context can possibly be seen by anyone--not even a believer like yourself--to prove fuck all, i don't really see what you've got to be so cocky about, nor do i see on what basis you get to set the criteria for refutation of hauser's "law"--PARTICULARLY given that there is already information in the thread that takes it apart.
do let me know when you find that data, ace.
__________________
a gramophone its corrugated trumpet silver handle
spinning dog. such faithfulness it hear
it make you sick.
-kamau brathwaite
Last edited by roachboy; 05-22-2008 at 03:00 PM..
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