We all have heard the phrase: “There are three kinds of lies: lies, damned lies, and statistics” (for its origin, see the entry in Wikipedia). This phrase is a damned lie. You cannot lie with statistics if they are properly done; that is, if you show both the data and the method you u

In the previous blog I asked why real wages stopped growing in the 1970s. A host of explanations has been discussed by economists and political commentators (although they tend to focus on the related issues of income and income inequality). David Leonhard, for example, listed 14 poss