McMegan, Discrimination, and Inappropriate Loans
Susan of Texas has an immortal post on the housing crisis, McMegan’s ratiocination, and the persistence of ignorant memes. The money quote:
McArdle doesn’t refute facts, she hen-pecks at the methods used to gather information. That way she doesn’t actually have to prove anything, she just casts enough aspersions on the data to confuse the issue. When source after source after source after source brings up a problem, dismissing it out of hand begins to look like bigotry and callous indifference instead of honest disagreement. [links from original]
Go Read the Whole Thing.*
(Cross-posted and expanded from Marginal Utility)
*Yes, rdan, this is another blog we’ve been keeping from you.