The Torture Of Government Statistics Authored by Jeffrey Tucker via The Epoch Times, Ever since I started writing about fishy government economic statistics, I’ve been flooded with a fun series of letters from current and retired bean counters. They are thrilled that I’ve taken up the topic and have added various insights. The most compelling point I’ve seen—one that had not occurred to me—comes down to the innumeracy of the employees themselves. They lack the basic intuition to see where their figures just don’t make sense. My correspondent blames technology. Back when mathematicians and students used slide rules, they had… — Continue at ZeroHedge News : Read More
