In making minimal corrections and not acknowledging that he made these errors, Rajan is dealing with the symptoms but not the underlying problem, which is that he’s processing recent history via conventional wisdom.

Raghuram Rajan is an academic and policy star, University of Chicago professor, former chief economist for the International Monetary Fund, and former chief economic advisor to the government of India, and featured many times in NPR and other prestige media. He also appears to be in the habit of telling purportedly data-backed stories that aren’t …