Statistical games

Jun 28, 2014

It’s fair to say that among those of us buried deep in the paranoid depths of the alt-finance community, a certain suspicion exists when it comes to government economic statistics. I don’t think it’s too much of a stretch to claim that among the broader population, cynicism about such stats is also increasing. We have after all seen a senior policeman testify in parliament to the corruption of official crime stats, just as rigorous studies have shown grade inflation in school exam results. Why should economics be immune from this malign trend?
 
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