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WSJ and Laffer: Curve Fitting 101
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07-19-2007, 12:29 AM
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CDCL7WKJ
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Oct 2005
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"Figures don't lie, but liars figure." Select your data carefully enough, and you, too, can prove that Norway has a great tax system or Cuba has a great health care system. Depends on the point you are trying to prove, not what the data actually reveals. WSJ readers are mostly corporate types who would love to see lower corporate taxes. Thus, a chart proving you get more from less. Yeah, right. This can't entirely be attributed to intellectual dishonesty.
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