Thursday, September 23, 2010

The difference between being middle class and doing middle class stuff

Glenn Reynolds explains:

The government decides to try to increase the middle class by subsidizing things that middle class people have: If middle-class people go to college and own homes, then surely if more people go to college and own homes, we’ll have more middle-class people. But homeownership and college aren’t causes of middle-class status, they’re markers for possessing the kinds of traits — self-discipline, the ability to defer gratification, etc. — that let you enter, and stay, in the middle class. Subsidizing the markers doesn’t produce the traits; if anything, it undermines them.


In a phrase:  correlation is not causation.

It would have been so much easier if law school grads were required to pass statistics....

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