Sunday, August 16, 2009

A discrepancy at best for Doctored Data in Argentina

Washington Post, August 16, 2009 on page A12:

Workers at National Institute of Statistics call it crass manipulation in Buenos Aires.

Their agency altered socioeconomic data to reflect numbers palatable to the presidency.

Such case reminds me of queries by students raised from 1950s to 1990s in the 20th century apropos of "Economic Report of the President " published every February with forecasts.

"How do they know the future of the economy?" My reply was the "educated guestimates."

"Crass Manipulation" may be regarded as "utmost hyperbole?" Lingonomics in evidence?

The rate of inflation is 30% or 10%? The poverty figure in Argentina may be 23% as released by government but may be 40% by church authorities.

Well,data may or may not be evidence? The late Professor John K. Galbraith is still correct in saying that there are those who don't know and those who don't know they don't know. Such is humor in economics or in other fields as well.

Francis Shieh a.k.a. Xie Shihao trying to appreciate Mark Twain's famous lines:" There are liars, damned liars and statisticians."

Sunday, August 16, 2009 sharing jokes with readers online in the lighter mood.

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