Called the Null hypothesis.
Kevin Drum has a hard time connecting dots. He was taught his economics by flat earthers in denial, he will never again think clearly.
Also note the Kevin advocates more public sector even though he know public sector recovery times in recessions are long. He cannot connect dots. This is a common feature and is what the Lucas criteria is about.
Note, almost none of the flat earthers even understand the Lucas criteria. How would we apply the Lucas criteria to the riots? Simply note that these riots occur about every 35 years, a repeat phenomena. Or how about looking at the long term chart on multiple recessions rather than treating each one separately?
Note, almost none of the flat earthers even understand the Lucas criteria. How would we apply the Lucas criteria to the riots? Simply note that these riots occur about every 35 years, a repeat phenomena. Or how about looking at the long term chart on multiple recessions rather than treating each one separately?
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