Think Tanks

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Excellent post, John. One

Excellent post, John.

One way I use partisan/ideologically-oriented think tanks is to get a sense of bounds -- of how far each side is going with the rationale behind the policies they advocate.

Case in point: Advocacy of tax cuts (or avoidance of tax increases), and the related claim, often repeated by conservative/Republican non-economists (politicians, radio hosts, and ordinary folk), that "tax cuts increase revenues".

Some of the first places I checked in my research on this claim were CONSERVATIVE think tanks, along with blogs and writings of CONSERVATIVE economists. In other words, I wanted to see what was being said on this question (of the degree of revenue feedback effect of tax cuts) by economists and other tax/budget policy experts who generally FAVORED tax cuts and who may be subject to bias or who may even be insincere in the analytical conclusions they present in SUPPORT of tax cuts.

I found a pretty strong consensus even among those folks that the Bush tax cuts were substantial net losers of revenue (and would be even over the long term), and that as a general rule, tax cuts from anywhere close to current rates are net revenue losers. http://swordscrossed.org/node/1671 That was pretty convincing to me.

It's kind of like when a salesman who is trying to sell you a product acknowledges the limitations of the product or even some of the weaknesses or drawbacks of the product. If he has the expertise and the motive to hide that fact or deny it, but he acknowleges it, it has some weight in terms of credibility.

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Well said

I think this is part and parcel of the wave of anti-intellectualism that's sweeping the nation and has been for the last decade or so.

People spin numbers and facts so much, the average person can't help but throw their hands in the air. Facts must not be objective anymore....

The salesman analogy is dead-on. Think tanks and other spinners are selling their ideology. Rather than try to determine how society, the economy, etc. is they'd rather rely on how they think it should be and then remake the world in that image. They then try to convince others that the world actually is how they want it to be and then proceed to screw it up.

This "TAX CUTS GOOD" or "OIL COMPANIES BAD" black and white thinking is really about making a very complex world seem easy to understand. And as is usually the case, when you throw away data like that, the accuracy of your answer is going to suffer for it.

I don't doubt that objective truth exists in soft sciences like economics, sociology, and psychology, but we haven't figured out these truths with any degree of certainty that exists in hard sciences (in fact, that is what makes them soft sciences). I can tell you exactly what will happen if a 10 N force is applied to a 1 KG mass. If taxes are cut by 10% across the board, I can only give you a rough estimation (that may not be right) of what will happen.

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I'm listening to... favicon
I'm still certain that what motivates me
Is more rewarding than any piece of paper could be -- Dennis Lyxzén

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Thanks. FYI, I found this

Thanks. FYI, I found this book worthwhile http://www.amazon.com/True-Enough-Learning-Post-Fact-Society/dp/04700501...

Nothing unexpected, but good examples of the disturbing trend toward people using the increasingly fragmented media just to confirm what they want to believe rather than to seek a better understanding a sense of what is correct (or more likely to be correct). Put differently, people are increasingly using media the way a drunk uses a lamppost: more for support than illumnination.

And kudos to SwordsCrossed, the contributors and commenters for being an oasis in the desert of hyperpartisan, talking point, echo chamber political blogs. I keep trying to engage in substantive, rational, responsive discussion/debate on such blogs (on the left and the right), but more often than not in vain. People reflexively go in to attack mode and can't or won't engage substantively and responsively.

Again, SwordsCrossed is my oasis. Generally speaking, folks here actually respond to the actual arguments made (or questions posed) by the other person (what a concept!) instead of throwing out straw men or personal attacks in lieu of actual answers/responses. I only wish it were the norm in the blogosphere rather than the exception.

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To any who found this diary even remotely interesting,

A Cato scholar responded to Megan McArdle's postings on think tanks.

And she responded backed favicon with a worthwhile read.

See Megan's link for Cato link. I'm being lazy.

Anyway, the liberal Economic Policy Institute is supposedly going to be responding as well. I can't wait....

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