Monetary Realism

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Lead Poisoning caused the 70’s Crime Wave

Philip Cohen points out single mothers could not have caused the cause the 1970s-1990s crime wave with a very simple chart.

“Looking at it from the perspective of 1990, it was easy to assume a strong causal relationship between the rise in single motherhood and the murder epidemic. By my reading of the research, it is true that children of single mothers are more likely to commit crimes. But other factors are more important. That must be the case, or we wouldn’t see the overall trends in the United States split this dramatically starting in the 1990s:”

Fortunately, we know the “other factor” is lead poisoning, at least as answers to these questions:

  • Crime
  • Mental Retardation
  • SAT Scores

I also suspect Tyler Cowen’s Great Stagnation in innovation was caused by lead poisoning. We just were not smart enough to think of useful new technology.

(Via Kevin Drum)

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  • KainIIIC

    Indeed, this is what I’ve read about for years and seems thus far to be the most convincing explanation. Plus I do think there’s a social epidemic factor that went on primarily in the 80s – as young Americans saw their friends engaging in questionable behavior, they often joined in and thought it was okay to do so. Similarly, when a white man shoots (& kills one) 4 black teenagers attempting to mug him on the subway, he receives an outburst of support by NYC’s denizens tired of crime. Plus the entire story of the crack-cocaine epidemic. These are things you don’t see today.

    I also love the knock on Tyler Cowen.. He seems to be a very superficial thinker in the same vein as the John Cochranes of the world.

  • beowulf

    The trouble with quantifying crime reports is steroids– no wait, that’s baseball– is that its easier for cops to mark up or down the spreadsheet Ben Bernanke-style than to actually stop crime in the real world.

  • http://www.monetaryrealism.com Michael Sankowski

    Yeah, Tyler C. gets way more respect than he merits.

    He seems like he might be a good guy to have at a dinner party, though, simply because he has interesting tastes. I suspect in person he’s a cross between an Ausberger’s guy and intense libertarian, who cannot hold a real conversation, tell jokes, or just be normal, despite his intelligence.

    But beyond that, he’s terrible. Here is about his predictions of the market in real time:

    http://traderscrucible.com/2010/12/16/tyler-cowen-weak-opinions-strongly-held-and-blind-in-real-time/

    Next, Tylers article in the CFA journal was terrible. I never had the full time to devote to this article, but it was awful.

    Then, his explanation of the financial crisis is outright propaganda. See this epic takedown of Cowen by Barry Ritholtz. Barry is in the comments.

    http://marginalrevolution.com/marginalrevolution/2011/07/how-much-did-fannie-and-freddie-cause-the-financial-crisis.html

    vs.

    http://www.ritholtz.com/blog/2008/10/misunderstanding-credit-and-housing-crises-blaming-the-cra-gses/

    His work for the Koch bros through the Mercatus center makes me think he is deliberately confusing the debate through his work.

  • http://www.monetaryrealism.com Michael Sankowski
  • KainIIIC

    yup, I read his posts about inequality, and it basically boiled to “basically, I don’t give a shit about it, it doesn’t matter. Europe is less unequal because they’re lazier, and more affluent people are affluent because of better genetics”.

    Thinly-veiled social darwinism and Randism; he let his ambiguity and superficiality out of the box, and made instead a really stupid argument.

  • beowulf

    Tyler is, like Ron Swanson, an example of that odd species, the anti-statist government employee (George Mason University is “an educational institution and agency of the Commonwealth of Virginia, organized as a public corporate body pursuant to statute”).

  • http://www.monetaryrealism.com Michael Sankowski

    It does not mention any private sector work on his resume. His focus in research isn’t particularly attractive from a consulting standpoint.