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Making fun of Ted talks — Andrew Gelman

Summary:
I’ve written about the problems with the “push-a-button, take-a-pill model of science,” but . . . I’ve never seen it taken so literally! As long as there are people out there making such claims, and other people applauding these claims, and yet other people paying the bills for all this, I’m glad that there are also people like Ed Yong who are willing to point out that the emperor has no clothes. Mockery is our superpower. Time for some mockery of those holding onto "expansionary austerity, the confusion of issuer and users, the government as household or firm analogy, loanable funds, "crowding out," Barro's version of Ricardian equivalence, the intertemporal budget constraint, NAIRU, debt phobia, deficit hysteria, and the like, not to mention assuming "utility" as revealed preference,

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I’ve written about the problems with the “push-a-button, take-a-pill model of science,” but . . . I’ve never seen it taken so literally!
As long as there are people out there making such claims, and other people applauding these claims, and yet other people paying the bills for all this, I’m glad that there are also people like Ed Yong who are willing to point out that the emperor has no clothes.
Mockery is our superpower.
Time for some mockery of those holding onto "expansionary austerity, the confusion of issuer and users, the government as household or firm analogy, loanable funds, "crowding out," Barro's version of Ricardian equivalence, the intertemporal budget constraint, NAIRU, debt phobia, deficit hysteria, and the like, not to mention assuming "utility" as revealed preference, ergodicity, equilibrium, and maximization? You know, the myths and conventional shibboleths.

Statistical Modeling, Causal Inference, and Social Science
Making fun of Ted talks
Andrew Gelman | Professor of Statistics and Political Science and Director of the Applied Statistics Center, Columbia University
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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