– April 2, 2020 Reading Time: < 1 minute

My usual beat concerns historical tax statistics and inequality ratios. This research program has made me profoundly aware of the use and abuse of statistical models. In absence of factual tests, the void has been filled by statistical forecasts, many of which suffer from some of the same fallacies as historical models. Compounding the problem is that these models are being created in real time. These models have contributed to social and political panic.

Economist Matt Kibbe and I talk about this problem along with public-choice issues associated with the lockdowns.

Phillip W. Magness

Phil Magness

Phil Magness is a Senior Research Fellow at the American Institute for Economic Research.

He is the author of numerous works on economic history, taxation, economic inequality, the history of slavery, and education policy in the United States.

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