K-12 Tax & Spending Climate: In Crime and Economics, Data Has Its Own Biases

Whet Moser:

Davidson’s comment surprised a lot of people because, well, lots of perceptive, well-educated people have a lot of debt—it’s almost part and parcel now with becoming well-educated—and, even if they don’t have the data at hand, they had a lot of experience suggesting that household debt is problematic. Particularly by 2009—if you’d recently graduated college and bought a house not long before, then you’d done both at peak both. Perhaps you knew people who’d done it, or just ran the numbers on doing it. (His comment didn’t age well, as Mike Konczal points out.)