Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
After years of stressing the importance of evidence-based policymaking, economists have clearly had some influence on politicians. What economists now need to do is to impress upon those same politicians that citing any evidence before adopting any policy is not evidence-based policymaking at all.The truth is that the policy was a politically motivated effort to win public support by engineering short-term growth (at the cost of driving inflation to a nine-year high of 12 percent).Likewise, U.S. President Donald Trump cites simplistic trade-deficit figures to justify protectionist policies that win him support among a certain segment of the U.S. population. In reality, the evidence suggests that such policies will hurt the very people Trump claims to be protecting.To find the truth, one would need, at a minimum, data on who else tried to create jobs, and how.By dismissing the views and opinions of ordinary people, economists may miss out on crucial insights.People's everyday experiences provide huge amounts of potentially useful information.
The value of measuring
The ethics of reducing inequality – striking a balance
ABCs of doing business are pivotal,
but there’s more to an economy
FOLLOW THIS ARTICLE