Greenspan correctly notes that the behavioral approach doesn't wholly invalidate the neoclassical approach, but he also acknowledges the obvious: "September 2008 was a watershed moment for forecasters, myself included.
If the argument is sound, it was equally applicable to Austin's case, in which the statute, which made no limitation of taxation to the place where he bank was located, must have been held void under any principle which would wholly invalidate the statute of New York, because the latter did not allow the deduction of the owner's indebtedness from his shares.
UPDATED: I would like to point out that Sotomayor's dissent in Pappas v. Giuliani, which I would hope the media is learning about now, wholly and precisely invalidates Buchanan's longstanding contentions -- repeated just yesterday!
See Wallace v. Jaffree, supra, at 56, 57, 60; Stone v. Graham, supra, at 41, 43, n. 5; Epperson v. Arkansas, supra, at 103, 107-108; see also Lynch v. Donnelly, supra, at 680 (describing Stone and Epperson as cases in which we invalidated laws "motivated wholly by religious considerations").
Morey was the only case in the last half century to invalidate a wholly economic regulation solely on equal protection grounds, and we are now satisfied that the decision was erroneous.
The district invalidated students' scores.
His removal could be invalidated.
"The High Court invalidated this criterion".
Some even said it invalidated the project.
Should these SAT scores be invalidated?
The patent was invalidated, later.
