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Yes. But that's because there is so little data and so many confounding variables There is little empirical evidence for everything in macroeconomics, includin
by vasilipupkin 9y ago
Yes. But that's because there is so little data and so many confounding variables
There is little empirical evidence for everything in macroeconomics, including for Saez's claims.
- mercutio2 9y agoWait, did you really just say, “I acknowledge there is no evidence” immediately followed by “there is no evidence for the absence of evidence”? If I’m not missing something you though was implicit somehow, that is some pretty remarkable logic.
- vasilipupkin 9y agoThere is evidence, but it's relatively weak from statistical significance point of view. This is also true of Saez's claims, such as if only we get rid of lower taxation on capital, things will improve for the 99%. I am not aware of any evidence that would support this prediction.