Numbers

There are a lot of numbers flowing around at the moment, the sizes of various multipliers in particular are very popular discussion points among economists (and non-economists debating economics) at the moment. I would like to remind everyone that studies have shown that accurate numbers aren’t any more useful than the ones you make up. And you needn’t take my word for it…

A propos my other post earlier today and Steen Bocian’s comments on “the economy” in the linked article, I also very much liked this rant from Will Wilkinson, posted a while ago. I’m pretty sure I haven’t linked to it before, but even if I have, it’s well worth reading a second time.

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