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Economic Lies, Damned Lies and Statistics

3/14/2019

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So I've republished my series from SwiftEconomics on economic lies, damned lies and statistics. Now I should push the book form of it (which includes some other articles as well). I mean, check out the Amazon reviews:
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There are three kinds of lies: lies, damned lies, and statistics. We hear numbers everyday in support of arguments. Most of the time, the arguments sound pretty good. But after you peel the statistical layers back, you may find that the arguments are quite weak and sometimes fallacious. How about the fact 47% of Americans don't pay Federal income taxes? Outrageous, isn't it? Well, this doesn't take into account total taxation e.g. local, state, and payroll taxes, some of the most regressive taxes out there. All of the sudden, the Federal income tax figure looks more reasonable.

Syrios provides a devastating critique of the use and misuse of statistics in economics, including income stagnation and male/female wage gap stats, just to name two. This is required reading for anyone interested in economics.
And the other review (yes there are only two reviews as of this writing):
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​It was ok; an easy read; what can i say, it was interesting but not something I would read again.
OK, not quite as stellar, but not shabby...

Anyways, I think it's a good book and it's quite cheap and makes for a quick read. If you're interested in economics, check it out! 
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    Andrew Syrios

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