Friday, February 26, 2016

Dean Baker — Romer and Romer Do the Numbers on Friedman-Sanders

Since I had been critical of elite economists for using their authority rather than evidence to trash Gerald Friedman’s analysis of Bernie Sanders’ program, I should acknowledge a serious effort to do exactly the sort of analysis I advocated. Christina Romer, one of the four former heads of the Council of Economic Advisers who signed the earlier letter criticizing Friedman’s analysis, along with David Romer (both of whom are now Berkeley economics professors), did a detailed critique of the Friedman analysis.

I could quibble with aspects of their critique, but I would say it is basically right.…
Beat the Press
Romer and Romer Do the Numbers on Friedman-Sanders
Dean Baker | Co-director of the Center for Economic and Policy Research in Washington, D.C

4 comments:

Random said...

Who cares about numbers? Numbers are irrelevant to a sovereign government.

MRW said...

Exactly. Larry Kudlow has a piece up on realclearpolitics.com that gets to the heart of the issue:

"Two-Percent Growth Is a Loser for the Angry Middle Class”
http://www.realclearpolitics.com/articles/2016/02/27/two-percent_growth_is_a_loser_for_the_angry_middle_class_129809.html

Matt Franko said...

MRW careful with Kudlow...

His solution is probably more free trade and less regulation and smaller government yada yada...

MRW said...

Yeah, I know. I was just posting this because he’s singing a different song. Or, it appears to be.