Search This Blog

De Omnibus Dubitandum - Lux Veritas

Tuesday, April 1, 2014

Broken Trust

Tuesday March 25th, 2014 • Posted by Craig Eyermann

Nate Silver is perhaps best known for being one of the most accurate election forecasters in the U.S., where he has applied statistical methods originally developed to analyze sports to determining the most likely outcome of elections.

Previously hosted by the New York Times, Silver has recently relaunched his FiveThirtyEight blog with ESPN, where he has also expanded the range of topics he covers. As a case in point, he recently focused on what is driving the growth of government spending over time. Here is what he found after surveying the data from 1972 through 2011:….To put it another way, in order to be able to actually afford the total increase in entitlement spending that occurred, the U.S. economy would have had to grow at a pace nearly twice as fast as it did in the forty years from 1972 through 2011.  Silver then goes on draw a correlation between the increase in the government’s social welfare entitlement spending and the growth of distrust in the government itself:…..To Read More….

No comments:

Post a Comment