I don't think there's anything really new here for long-time LWers (we all know Goodhart's law/Lucas critique, Ioannidis-style results, 'extraordinary claims require extraordinary evidence' etc), but some of the points about cost-benefit of statistical precision might be novel to some of us.
Brian Tomasik's latest article, 'Quantify with Care', seems to be of sufficient interest to readers of this forum to post a link to it here. Abstract: