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it was never published though...
which is kinda concerning that Congress would cite unpublished graduate student working papers. People need to realize that arxiv and SSRN, and even the NBER working paper series, don't really have quality checks!
This happens a lot in other fields, like medicine.
I have mixed feelings about it. On one hand, working papers aren't nothing (they're not unlike other reporting that has no peer review) and peer review is a pretty flawed process. On the other, people probably assume things like this have undergone the heightened scrutiny of other published results.
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Yeah, plenty of frauds made it past peer review as well, after all
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