I agree that it sounds plausible, but it seems like his math just might not hold up. If you want to see a detailed analysis of the issue, check out http://post

I agree that it sounds plausible, but it seems like his math just might not hold up. If you want to see a detailed analysis of the issue, check out http://post.economics.harvard.edu/faculty/miron/papers/Comment_on_DL_FG.pdf http://post.economics.harvard.edu/faculty/miron/papers/Comme....