As if there there can be a single version of the truth

The popular New York Times columnist and Nobel laureate Paul Krugman often disagrees with his fellow economists. Let’s all raise our eyebrows in shock.

Not! My shock is at the idea among some of his readers that there’s a right and wrong answer. Today, for example, Krugman again refers to his opinion that the stimulus passed early this year should have been bigger. To that, “Ray” comments:

I might suggest that Professor Krugman undercuts the supposed expertise of the economics profession every time he accuses a fellow Nobel laureate of not understanding elementary economics or being unable to read a graph. That sort of thing does not inspire confidence from the rest of us.

Guess what, Ray. Though there’s often a single version of the data, it’s much harder to agree on a single version of the truth.

The data industry thrives on conversation. Please submit a comment.

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