#Econometrics

Econometrics is the craft of borrowing the veneer of science to persuade policymakers entrenched in superstition with a jumble of equations. It claims to seek truths in the ocean of big data, yet ultimately serves as a meticulous trick to extract preferred conclusions. It encodes market myths into regression formulas and uses an error term as a free pass to suppress inconvenient results. The higher one gazes at reality from the vantage of theory, the heavier the weight of pure abstraction grows in this curious discipline.