Monday, July 22, 2013

Detroit Refugees

Imagine you lived in a city with the highest income and property taxes in your state. Imagine taxes on business doubled in the last year. Imagine 40% of all revenue your city collected went to pay off people who no longer worked for the city. Imagine that the police didn't respond to emergency calls for almost an hour and 40% of the street lights didn't work. Imagine half of the students at your public schools never graduated high school. Imagine

What would you do? Wouldn't you move out if you could? Wouldn't you follow the 250,000 people who have left the city in the last decade?

Thursday, July 18, 2013

Correlation Does Not Equal Causation

Economists frequently issue the caution that correlation does not necessarily imply causation. Chris Blattman at Columbia University came up with this succinct reminder. Even if Chrome and Firefox are more "peaceful" browsers.

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