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Quotation of the Day…
Posted By Don Boudreaux On August 19, 2012 @ 7:31 am In Data,Inequality,Myths and Fallacies | Comments Disabled
… is from Thomas Sowell’s August 7th column, “Sports Versus Politics” :
If players A, B and C all have batting averages in the .320s this year and, put together, they hit 100 home runs, while players X, Y and Z all have batting averages in the .320s next year, and together they hit 120 home runs, we could say that .320s hitters were increasing the number of home runs they hit. But A, B and C could easily be hitting less than 100 home runs next year.
It all depends on whether you are talking about what is happening in statistical brackets or what is happening to actual flesh-and-blood individuals who were in those brackets at one time but not another time. We understand that when we talk about sports statistics. But not when we talk about statistics on political issues like income differences.
Do our IQs just drop spontaneously when we turn to politics? Or are there many people in politics and the media with vested interests in misstating issues, and lots of experience in doing so? I think it is the latter, especially during an election year.
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