To continue the discussion of scientific merits of current approach to economics (see http://1-800-magic.blogspot.com/2008/09/economics-as-voodoo-science.html): here's what the Treasury spokeswoman had to say about current $700B bailout plan, according to Forbes:
"It's not based on any particular data point... We just wanted to choose a really large number."
http://www.forbes.com/home/2008/09/23/bailout-paulson-congress-biz-beltway-cx_jz_bw_0923bailout.html
For a moment I thought that the Forbes web site was hacked...
Wednesday, September 24, 2008
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