. . . “it will confess.”  I heard Ronald Coase say that many years ago at an American Enterprise Institute lecture in which he ridiculed all the econometric game playing that goes on in the economics profession.  I was reminded of this while reading numerous articles on the Web about how the state’s increasing the amount of payment and length of payment for unemployment insurance has caused millions of workers to stay home because they can make more doing that than working.  Even my local seafood restaurant had to close on Sundays and Mondays (in peak tourist season) because they … Continue reading If You Torture the Data Long Enough . . .