1. It Looked Good on Paper.
- Author
-
Altman, Daniel
- Subjects
- *
ECONOMISTS , *WINDFALL profits , *PROFIT , *ERRORS , *ECONOMIC forecasting , *ECONOMIC statistics - Abstract
Discusses the findings of Stanford economist Michael J. Boskin, who released a paper suggesting that the federal government had $12 trillion coming that no one had counted. Implications of the finding; Boskin's admission that his equations contained an error; Background on Boskin, who was chairman of the Council of Economic Advisers under U.S. President George Bush; How several economists found flaws in Boskin's forecast of a tax windfall; Boskin's defense of his main point.
- Published
- 2003