Monday, May 25, 2015

Krugman caught cherry picking data

FRED housing starts vs interest rates

Prof. Paul Krugman - did you know he got the Nobel Prize? - goes to extremes to present his arguments for more, more government control.

This week he pulled a trick he would not allow a sophomore to do. The data on housing starts vs. interest rates only supported his thesis for a range of years, but not for the other years the data are available. So he took out his scissors and very carefully cut off the first years - about 1958 to 1965 - and the last - from 2000 to 2014.

Then he shouts “The data prove it! Look!"

See Thomas Lifson at American Thinker for the full explanation.

Graph: The full data set from FRED.

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