Jul 13, 2007

Laffing My Ass Off

Today's Wall Street Journal editorial has the most idiotic Laffer curve I've seen yet. You need subscription to read it, but the absurd diagram is available via Economist's View:

So that's how AEI and WSJ fit curves to data: Take a bunch of points, draw the curve you want through 2-3 points that are the most convenient to tell your preconceived story, and ignore the rest. Oh, yes, and assume your readers are complete morons, so you don't even have to hide what you've done.

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