Paul Krugman’s statistical reality

posted by
July 18, 2011
The Liberty Papers
by Quincy  
Posted in Commentary

"Now, checking one’s personal reality against the statistics is not necessarily a bad thing. In the first case, one might see people losing their jobs left and right when a factory closes down. Doesn’t mean there is a broader employment crisis. In the second, there could be local factors raising prices. In the third, it could be any number of local or temporary things hurting small businesses. The problem comes when the statistics are at odds with the reality experienced by the vast majority of people." (07/16/11)  

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