Archive - 08/03/2015

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How Australia’s Treasurer Joe Hockey Plans to Justify Stealing From Poor to Give to Rich

How Australia’s Treasurer Joe Hockey Plans to Justify Stealing From Poor to Give to Rich

Fat BastardThe 2015 intergenerational report provides the clearest possible example of the maxim “garbage in garbage out”. While the Treasurer is adamant that his first (and likely last) IGR shows what happens if you let Labor into government, what the report really shows is how meaningless economic forecasts are when they are based on dodgy modelling and meaningless assumptions.

http://www.crikey.com.au/2015/03/05/hockeys-igr-meaningless-forecasts-based-on-magical-thinking/

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