Showing posts with label Peddling Prosperity: Economic Sense and Nonsense in the Age of Diminished Expectations. Show all posts
Showing posts with label Peddling Prosperity: Economic Sense and Nonsense in the Age of Diminished Expectations. Show all posts

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.