tag:blogger.com,1999:blog-7085195159661027971.post3355561797921432675..comments2024-03-15T16:14:36.387-04:00Comments on Just the social facts, ma'am: Less than meets the eyeDavid Weakliemhttp://www.blogger.com/profile/02336229317604663975noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7085195159661027971.post-64849206974863485682015-05-04T13:21:29.353-04:002015-05-04T13:21:29.353-04:00Statistical artifacts. Why pick the coefficients ...Statistical artifacts. Why pick the coefficients you did except to strip out any correlation? Controlling for everything, nothing matters. Also most government spending is transfer payments not investments, so it's not proper to introduce a lag. Put another way, the welfare check sent by government to an unemployed bum will be used to buy liquor, with immediate effects on the local economy (for good or evil). Money will not likely be used to build a bridge to nowhere which will only show up in GDP with a lag.Ray Lopezhttps://www.blogger.com/profile/11134761834999705305noreply@blogger.com