“There are three kinds of lies: lies, damned lies, and statistics.” – Benjamin Disraeli (1804-1881, British Prime Minister, Lawyer, Author) Statistics are often distorted to give a misleading impression. Some people (and government agencies) use bogus statistics to “prove” a theory, support an opinion or excuse a policy. Darrell Huff wrote a book called How [...]
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I am a big fan of studying and understanding economics because a correct understanding of economics is critical to making a successful business. Yes, some people find economics dry, but occasionally an interesting layman’s explanation surfaces. Professor Benjamin Powell makes many interesting points using the Monopoly game as a backdrop: What’s Wrong with Monopoly I’ll [...]
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