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.

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