by Thomas Lifson, American Thinker
Like some global warming theorist, Paul Krugman has been caught massaging the data to support his theory. He’s not “adjusting” temperature data like the warmists, but he is presenting data in a form that omits the 40% of the data that doesn’t support his thesis. Cullen Roche explains at Business Insider (via Pragmatic Capitalism):
Dr. Krugman tries to show how much interest rates matter by comparing the Fed Funds Rate with Housing Starts. He shows a chart and declares that there appears to be a strong correlation. Except, as this emailer notes, he appears to have shifted the chart to make it appear as though there is a correlation where there isn’t one. Read the entire story.