Chris Giles
speaker
229 appearances
10 recordings
1 series
first heard Apr 2011
last heard Jan 2015
Chris Giles’s voice in public audio — every appearance, attributed to the second.
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Appearances
So the Conservatives like to say things like,
We stuck to our long-term economic plan and the economy recovered.
The causality is very clear in that statement.
Because we stuck to the plan, the economy recovered.
We have no idea why the economy really recovered in 2013.
Lots of people have lots of different reasons and some people even say it was because they didn't stick to the plan that the economy recovered.
So actually, economists are really rather sort of in the dark about why the economy suddenly did recover.
But it's certainly wrong, I'd say, and unfair to say it was because the Conservatives stuck to the plan.
That might end up with history to be true, but we don't know that yet.
When I looked at the amount of wealth that he said the top 10% richest UK people held internationally,
his number for the UK in 2010 was 71%.
And the Office for National Statistics number was 44%.
Now, that's not just a little difference, but that was so enormous.
And then I thought the next day, well, I'll just go back and have a look at both datasets and see why are we getting such enormous differences.
And so I went to the source material, and the more I looked at all his other numbers as well, I found difficulty replicating any of his other numbers from his own source materials.
We found some slips in the spreadsheets of Thomas Piketty's data.
We found he tweaked the data.
We found the way he averaged between different countries didn't seem to be particularly reasonable.
and we found him also to be what seemed like cherry-picking data to suit his conclusions.
So in the US, he moves from an estate tax type of data, which gave one result,
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