Friday, August 7, 2009
How to Lie with Statistics
"Someone once said about partisan analysts that they use economic data the way a drunkard uses a lamppost: for support rather than illumination. Or as Disraeli put it, there are three kinds of lies: lies, damn lies, and statistics." - Paul Krugman, Peddling Prosperity: Economic Sense and Nonsense in the Age of Diminished Expectations, page 111.