plausible but im p skeptical of whatever identification method they use i havent read the paper i just Doubt It N=50 states, selection into the laws ehhhhhhhh you can kind of do this but ehhhhhhhhhhhhhh mehhttps://twitter.com/sentientist/status/1186760057754505216 …
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I don't think austrian economists are right that you should only reason from first principles I just also don't think researchers are good enough at their jobs to produce data that's better than reasoning from first principles most of the time.
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honestly researchers would produce more value collecting data and plotting it than running elaborately designed causal models on tiny messy datasets like this but thats HARD and you cant signal your big brain as easily that way so
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is stats really not just a bunch of made up crap i only took the introductory class and had one of those profs who was all "don't worry about the math just memorize the formula and plug the right stuff in" which still makes me kinda angery to think about
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its real but most professors suck at it and even if your good its hard to do well
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