So, if you limit supply, but demand continues apace, prices will rise? This relatively unsurprising economic theory was obvious even to the Clark County Commission, which will encourage the state not to use it’s discretionary powers to limit to overall cultivation of medical marijuana in Nevada. But I’ve seen enough studies in the last few years to make me wonder.įor example, this new study I commissioned by The Applied Economic Study Council of Las Vegas that finds 92.3 percent of all Las Vegans read this website with a 98.4 percent satisfaction rate. I’d like to believe that cabinet exists, and that the people in the business of studying numbers don’t simply give their clients whatever those clients want. There’s not much number-crunchers can do when that happens.īut I often wonder if, in the various consultant houses around town, there’s a file cabinet with a bunch of never-seen studies, research commissioned by various groups and businesses that just didn’t come out the right way, and were forever buried. Part of this phenomenon is the fact that the clients often take honest studies and exaggerate the hell out of certain findings, while ignoring the parts that don’t prove the case. We never see, for example, a group supporting a tax that says, “Well, we commissioned this study of our tax, but it totally shows the economy crashing if it passes. Whether it’s stadiums, tax initiatives or monorail ridership, we see the numbers that make the rosiest, best case for whatever project or idea is being promoted at any given point: Everybody will come to sports events, even outdoors in the worst Las Vegas summer heat! The entire community will ride the monorail, which will never go bankrupt! The Education Initiative will cause Ebola! You know what you almost never see? A study that disproves the point that the people who paid for the study want to make. But the Republican candidate for attorney general and former Navy JAG lawyer totally could fit in here.Īuthor’s note: Due to the fact that I was unexpectedly called to Carson City last week to witness the Legislature write one of those huge novelty checks to Tesla Motors, adding “with love!” in the memo field, there was no Friday Slashback last week.
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