Trump White House economists COVID-19 projection clear partisan bias - Business Insider

Economists disagree about policy all the time, but almost always in good faith.

Simon W. Bowmaker is Clinical Professor of Economics at the Stern School of Business, New York University. Paul Wachtel is Professor of Economics at the Stern School of Business, New York University.Visit Business Insider's homepage for more storiesEconomists like to think of themselves as scientists in search of a single truth. But, dispute and debate are more the rule than the exception.

However, beyond the policy divide lies a common framework for analyzing the world that until now has spanned the partisan divide. Economics may not be a science but it shares a respect for analytical frameworks, disciplined thinking, and investigations of the facts. Doing economics is not Democratic or Republican which is precisely why the profession had much to add to policy discourse in the past.

"I made a point of calling not just Republicans but also Democrats like Charlie Schultze, which was very useful," Boskin recalled. Most of the models showed significant deaths extending into the summer. But one projection, inexplicably, showed a smoothed curve —called in the technical lingo a cubic fit — with deaths disappearing by mid-May. That last curve did not belong on the chart. It was the wrong approach to understanding the data and has no basis in the underlying epidemiological issues.

A firestorm of recrimination emerged as Tomas Philipson, the current acting CEA chair, accused Furman of being the only chair without peer-reviewed scientific work, a painful, if true, schoolyard taunt for academic economists.

Is there any part of this administration in the past 3+ years that has done the job they were assigned to do that is in the best interest of its citizens? From the President to press secretaries to EPA to IG, etc... what have they done right

Trump's economic adviser is really bad at economics. via thinkprogress

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Jack Dorsey already donated over $87 million towards COVID-19 relief - Business InsiderJack Dorsey just unveiled where he's donated more than $87 million of his pledged $1 billion towards COVID-19 relief — including to address domestic violence, HIV/AIDS, refugees, and advocacy for prisoners Jeff Bezos has done similar and I don't know why The New Yorker has to query his wealth all the time? He’s a POS In times of excessive greed & egoism both on individual & multinational levels, this is an awesome example of philanthropy! Finding a vaccine is economy-oriented & key to survival and the rest of his pledges are unequivocally humanitarian. Kudos to jack for these commitments.
Source: BusinessInsider - 🏆 729. / 51 Read more »

15 tech startups poised to come out stronger from the COVID-19 crisis - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »