Using Government Statistics

08/13/2014 Mises Wire Ryan McMaken

Q: How can you tell economists have a sense of humor? A: They use decimal points. The more precise the number the bigger the lie The more manipulation, the seasonal adjustment, - use the most simple number possible - don’t use the seasonally adjusted number. Just compare year over year. http://www.caseyresearch.com/cdd/bill-bonner-in-hands-of-economists-more-precise-number-bigger-the-lie

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