2min chapter

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16: Tyler Cowen - The Revolution Will Not Be Marginalized

The Portal

CHAPTER

How to Find an Error in All the Temperature Gauges

In the mid nineties economists were directed by bob packwood and daniel moinehan to find an overstatement of the c p i. They backed out that one point one % overstatement, if corrected, would lead to a trillion dollar savings ten years. And they actually broke into two groups to come up with two separate numbers that would add together to one point one which to me, is academic malpractice.

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